The Commission shall be required to perform the following duties:
1. Finance. Subject to the approval of the City Council, the Commission shall have authority over expenditures for salaries, supplies, contracts, and capital outlays set forth in the annual budget approved by the Council and subject to the terms of this chapter.
2. Future Development. The Commission shall plan for the future development of the golf course.
3. Budget. The Commission shall prepare and submit annual budgets to the Council, and more often if ordered by the City Council.
4. Disbursements. The Commission shall review and recommend payment of all bills as required by law. The City Council shall approve final payment of all expenditures.
5. Lease the clubhouse to a manager or other suitable person for a term not to exceed one year subject to City Council approval. However, no lease may contain an automatic renewal provisions. Further, all leases shall contain provisions requiring proof of indemnity, liability, and dram shop insurance, indemnifying and holding harmless the Commission, its members, and the City against claims, in such adequate amounts to protect the City as the Commission may determine.