Sec. 57.105. - Powers and duties.

The Commission shall have the following powers and duties: (a) To gather data and information on: (1) The soundness of the City's current financial status. (2) Measures of the City's current effectiveness and efficiency in service delivery. (3) Long-range projections of future revenue needs and trends, including unfunded liabilities. (4) Suggestions for improvements of the City's long-term financial soundness. (b) To conduct a limited number of in-depth studies each year of specific, high-priority financial issues, leading to recommendations to the Mayor and Council for improvements in the City's long-range financial planning, budgeting, management, and soundness. Sources of study topics shall include the Mayor, the Council, and the Commission itself. (c) To provide important information and raise public awareness of public finance issues by encouraging in-depth media coverage of these issues and by meeting with community, neighborhood, and civic organizations. (d) To review Council Auditors' Reports, external audits and reports of the City and Independent Agencies and report findings and recommendations for improvement to the Audit Committee on a quarterly basis and/or the appropriate agency in a timely manner. (e) To perform such additional duties as may be given to the Commission by the Mayor and/or the Council as such need is identified. (f) To receive grants and donations from foundations, institutions, organizations and individuals for expended funding to carry out its duties, subject to approval of the Mayor and the Council. (Ord. 94-336-372, § 1; Ord. 2003-591-E, § 3; Ord. 2003-1249-E, § 1)