(1) The finance committee shall consist of three members of the council, one of whom shall be the vice-president of the council, who shall be the chairman. Two members shall constitute a quorum of the committee for the transaction of business. The committee shall meet at such times as the committee shall determine.

(2) The Finance Director shall not approve payment of a claim submitted by the mayor and councilmembers for expenses incurred in the performance of their functions unless it has been reviewed and approved by the finance committee. A member shall not vote on his own claim.

(3) The council shall prescribe by resolution the types of expenses that may be allowed by the Finance Committee.

(4) All requests for reimbursement shall be submitted on forms approved by the finance committee and shall be accompanied by receipts if possible.

(5) If the finance committee rejects all or part of a claim, the claimant may appeal the decision to the council.

(6) The finance committee shall give public notice of its meetings, hold its meetings in public, keep written minutes of its proceedings, and file the minutes with the City Recorder.