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(c) Economic Restructuring: Assist the City's Economic Development <br /> Director, Economic Vitality Committee and City Council with issues affecting <br /> Downtown. The Association Board will appoint a representative to serve as liaison <br /> to the City's Economic Vitality Committee. <br /> (d) Organization: Provide financial oversight, development and evaluation of <br /> work plans of the other committees and the Association; communicate with other <br /> agencies and with the membership, including encouraging and soliciting <br /> involvement through committees and general membership meetings; work with City <br /> staff and a City Council appointed Advisory Board, pursuant to Section 36000 et <br /> seq. of the California Streets and Highways Code, to review the changes in state <br /> law, and to consider the advantages and disadvantages of assessing property owners <br /> as part of the District. <br /> (e) City staff will meet with the Executive Director and the Organization <br /> Committee at the beginning and end of each fiscal year to review work plans, and <br /> accomplishments in accordance with this Agreement. <br /> (5) BUDGET. <br /> (a) The Association shall submit to the City Manager or City Finance Director a line <br /> item and programmatic budget in a form approved by the City, for consideration by the <br /> City Council, no later than the thirtieth day of November of each year. <br /> (1) The line -item budget shall estimate overall revenues and expenditures for <br /> the fiscal year commencing the next January 1st. <br /> (2) The programmatic budget will estimate revenues and expenditures for all <br /> events sponsored, managed or coordinated by the Association for the calendar <br /> year commencing the next January 1st. <br /> (b) No expenditure of funds received pursuant to this Agreement shall be made <br /> unless budgeted as such. <br /> (c) Said budget shall include the proposed expenditure of all revenues of the <br /> Association from sources other than the revenue received pursuant to this Agreement <br /> (e.g., contributions, events). <br /> (d) Budget changes exceeding $7,500 are to be approved by the City Finance <br /> Director. This shall include new budget items as well as line item transfers. <br /> (e) City staff will meet at the beginning and end of each fiscal year, and as necessary, <br /> with the Executive Director and the Organization Committee to ensure funding is spent <br /> as authorized by the City Council. <br /> 3 <br />