The committee shall advise the city council regarding the use of transactions and use tax revenue, according to the priorities set forth in each fiscal year adopted budget. The duties of the committee shall include the following:
A. Review, on an annual basis, the city's expenditure of revenues received from the one percent (1%) transactions and use tax imposed by Measure T (2020);
B. Act in an advisory capacity to the city council in all other policy matters pertaining to Measure T (2020) funds;
C. Present an annual written report to the city council, which shall include a summary of the committee's proceedings and activities during the most recent review period. The annual written report shall also include, but not be limited to, a response to the following questions:
1. Does the current audited financial information reflect that Measure T (2020) revenue was collected and appropriately spent in accordance with the city's corresponding fiscal year budget plan?
2. Does the city's most recently adopted general fund budget promote and maintain the city's core services, including public safety? (Ord. 2916, 2020)