Membership on the Budget and Finance Committee is specified in the city code as enacted by the City of South Miami Commission:
The committee shall consist of no more than five members. Members shall be appointed as provided by the city charter. The commission shall attempt to include representatives of the local business community, residents; and accounting and finance experts.
The purpose of the committee is to provide advice and recommendations to the City Commission regarding the adoption and implementation of financially sound annual budgets and investment policies. The committee shall begin on the date of the first City Commission meeting of the new fiscal year, and shall sunset at the end of the fiscal year.