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merchants and property owners. <br /> (c) Downtown Vitality: Assist the City's Economic Development Director, <br /> Economic Vitality Committee and City Council with issues affecting Downtown. <br /> The Association Board will appoint a representative to serve as liaison to the City's <br /> 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 <br /> budget in a form approved by the City, for consideration by the City Council, no later <br /> than the thirtieth day of November of each year. <br /> (1) The budget shall estimate overall revenues and expenditures for the fiscal <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) 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 /> (1) Within the budget, the Association shall define funding received from the <br /> City and provide an accounting of how that funding is distributed consistent with <br /> the Association's identified top priorities. <br /> (6) FINANCIAL REPORTS. The Association shall submit to the City Economic <br /> Development Director, City Finance Director, or designee, a monthly income statement <br /> 3 <br />