Issue Alignment/Budget Process Sample Clauses
Issue Alignment/Budget Process a. The CDA, with consultation from City Council, will determine the priorities for improvements and activities to be delivered by CDA.
b. Five-Year Implementation Plan
i. Within 120 days after CDA’s Executive Director commences work, the CDA shall present to the City Council a Five-year Implementation Plan that:
1. Outlines how the organization will execute the priorities within the Plan, including approval of CDA’s By-Laws;
2. How the CDA will manage the Services as set forth in Exhibit A, including the day-to-day operations of the Plan;
3. Metrics and protocols for monitoring and evaluation of the Work, which shall include Performance Measurements as set forth in this Agreement.
ii. The City Council will review and make recommendations for refining the Five-year Implementation Plan to ensure that it is consistent with the goals for the District, subsequently modifying or approving it.
iii. Any further changes to the Implementation Plan during the 5-year term must be submitted to City Council for review and recommendations.
c. Annual Reports. CDA shall prepare an Annual Report as set forth below.
i. The Annual Report shall include:
1. Narrative material and quantitative information that identifies accomplishments and achieved goals and metrics of the preceding calendar year.
2. A report of the financial activities of CDA that utilized public funding in the preceding calendar year;
3. Statement of Revenues and Expenditures of the preceding calendar year;
4. Report of Performance Measurements of the preceding calendar year.
ii. CDA will submit to the City Council each Annual Report by March 15 of each year.
iii. CDA and City Council will review the Annual Report during a joint workshop (“planning workshop”) held between April 15 and May 15 to ensure City Council has meaningful input into the formulation of an Annual Work Plan, as defined below, and to ensure the plan’s initiatives and activities and associated allocations are consistent with the Implementation Plan.