SECTION 5.3   POWERS OF COUNCIL.
   All powers of the City and the determination of all matters of policy shall be vested in the Council.  Without limitation of the foregoing, the Council shall have power to:
   (1)   Adopt the budget of the City;
   (2)   Create and establish boards and commissioners as required;
   (3)   Adopt policies, rules and regulations for all City employees, except as otherwise provided in this Charter;
   (4)   Inquire into the conduct of any office, department or agency of the City and make investigations as to municipal affairs; and
   (5)   Provide for an independent audit.