APPOINTING CERTAIN INDIVIDUALS AS MEMBERS OF THE FINANCE AND ADVISORY COMMITTEE FOR TERMS AS DESIGNATED HEREIN. APPOINTEES: NOMINATED BY: Mayor Eileen Higgins Commissioner Miguel Angel Gabela Commissioner Damian Pardo Commissioner Rolando Escalona Commissioner Ralph “Rafael” Rosado Commissioner Christine King

CITY OF MIAMI INTER-OFFICE MEMORANDUM To: Honorable Mayor and Members of the City Commission Date: March 13, 2026 Subject: Finance and Audit Advisory Committee From: Todd B. Hannon City Clerk References: Agenda for June 11, 2026 Enclosures: List of members The Finance and Audit Advisory Committee, a seven (7) member board was created to a) Review the annual audit of city accounts performed by the independent external auditor prior to it being presented to the City Commission. (b) Review the annual management letter developed by the independent external auditor prior to it being presented to the City Commission. (c) Review the systems of internal controls utilized by the City. (d) Review the city's compliance with the GASB (Government Accounting Standards Board) guidelines and requirements. (e) Review internal audit reports where it is determined by the Independent Inspector General that fraud or criminal conduct may be involved, to the extent that it does not compromise criminal investigations. (f) Review the audit selection committee's recommendations for selection of an independent external auditor prior to it being presented to the City Commission. (g) Review the selection committee’s recommendation for selection of financial advisors and consultants prior to it being presented to the City Commission. (h) Review and consider all matters relating to the City’s risk management and insurance; compensation, benefits, and pensions. (i) Review and consider all matters related to outstanding and proposed debt obligations of the City, including, but not limited to, debt restructuring, and vote on issues affecting or relating to the credit worthiness, security and repayment of such obligations, including, but not limited to procurement of services, structure, repayment terms and covenants of the proposed debt obligation, and issues which may affect the security of the bonds and ongoing disclosure to bondholders and interested parties. (j) Review and consider all matters relating to the City’s investments and investment policy. (k) Review and consider all matters relating to the development of the City’s operating budget. (l) Participate in the development of the City’s Capital Program and make recommendations to the City Commission as to the projects to be debt financed and the nature of the structure of such debt. (m) Upon adoption of the City’s Capital Budget, the Committee shall review the approved budget and shall establish a proposed schedule for the sale of debt obligations during the ensuing fiscal year and for the remaining five (5) years of the City's Capital Improvement Program. (n) Review such other financial matters as requested by the city manager or as directed by resolution of the city commission. (o) Review all matters related to, allied with, or incidental to any of the foregoing. Six (6) appointments are needed at this time: • Mayor Eileen Higgins has one (1) nomination for a seat currently held by: 1. Eli Feinberg, incumbent, whose term expired on March 12, 2016, has served as a member since July 21, 1998, and will require a term waiver by a unanimous (5/5) vote of the Commission. • Commissioner Miguel Angel Gabela has one (1) nomination for a seat currently: 1. Vacant. (Fausto Alvarez was removed for excessive absences) • Commissioner Damian Pardo has one (1) nomination for a seat currently: 1. Vacant. (Michael Puck resigned effective June 10, 2024) • Commissioner Rolando Escalona has one (1) nomination for a seat currently held by: 1. Eric Zichella, incumbent, whose term expired on October 10, 2020, has served as a member since February 13, 2014, and will require a term waiver by a unanimous (5/5) vote of the Commission. • Commissioner Ralph “Rafael” Rosado has one (1) nomination for a seat currently: 1. Vacant. (Elsa Pelaez-Lopez resigned effective October 29, 2025) • Commissioner Christine King has one (1) nomination for a seat currently held by: 1. Toussaint Pierre, incumbent, whose term expired on October 13, 2023. For your convenience, we are including a copy of the membership of the committee. By copy of this memorandum, we are requesting that the Agenda Office place this issue on the June 11, 2026, Commission Agenda. TBH:ne c: Munirah Daniel, Director, Finance Dept. Calitza Diaz-Torres, Liaison Xavier E. Albán, Deputy City Attorney Miriam M. Santana, Agenda Coordinator