3.09.140 - Oversight, auditing and reporting.

By no later than six months after the end of each fiscal year after the operative date, the city's independent auditors shall complete a report reviewing the collection, management and expenditure of revenue from the tax levied by this chapter. Additionally, there shall be an advisory committee to the city council consisting of no fewer than five seats to review and report on the receipt of revenue and expenditure of funds form the tax authorized by this chapter. The committee members shall be either city residents or representatives of city businesses. Within ninety days of the operative date of this chapter, the city council shall adopt a resolution establishing the composition of the committee, appointing the committee members, setting the terms of office of the committee members, and defining the scope of the committee's responsibilities, which at a minimum shall include reviewing the annual auditor's report and making recommendations to the city council for use of the tax revenue. The committee members shall serve at the pleasure of the city council. The committee's report and recommendations shall be completed by a date to allow for it to be considered as part of each annual budget process. The committee's report and recommendation shall be a matter of public record and shall be considered and reported by the city council at a public meeting.

(Ord. No. 649, § 1, 12-18-2012)