A. Generally. The REOC shall have the authority to conduct public hearings as directed by the city council or city policy. The REOC shall exercise the duties conferred upon it by this chapter, and as necessary to achieve its purpose.

B. Annual Community Report. The REOC shall conduct a public hearing annually to review and take public testimony on the community services and investment measure annual report.

C. Annual Audit. The REOC shall meet annually to review the audited financial statements contained in the comprehensive annual financial report for the community services and investment measure.

D. Annual Citizen Oversight Meeting. The REOC shall hold an annual community services and investment measure community forum for the purpose of taking input from residents and community members on preferences for the use of the revenues generated by the community services and investment tax.

E. Budget Recommendations. The REOC shall meet for the purpose of making recommendations to the city council regarding the uses of revenue generated by the community services and investment measure. The REOC shall take into consideration the input provided by residents and community members during the annual citizen oversight meeting, the purpose of the community services and investment measure, the major city goals established by the city council, and the amount of revenue available from past fiscal years, and projected to be available during the next fiscal year, in making its budget recommendations to the council.

F. Outreach and Education. The REOC shall be authorized to perform outreach and educational activities so that residents and community members are informed about the costs and benefits associated with the collection and use of revenue generated by the community services and investment measure.

G. Long-Term Community Services and Investment Priorities. Every eight years, the city will incorporate a long-term priority setting exercise into the financial plan development process to determine the long-term community services and investment priorities for the use of local revenue measure funds. This exercise shall include receiving input from residents, community members, and the REOC regarding spending priorities with priorities being set by the city council as a part of the development of the financial plan. (Ord. 1688 § 1, 2020; Ord. 1605 § 1 (part), 2014)