2.73.100 Board review and concurrence.
A. At least twice each year, the board shall review monthly statements of income and expenses which compare budgeted expenditures to actual expenditures. The board shall review all such information at its meetings, the minutes of which shall specifically note such review and include such information.
B. At least once per year, the board shall set goals for the next twelve (12) months. The goals will be presented by the board to the City Council.
C. General or particular authorization or review and concurrence of the board by resolution shall be necessary for any of the following:
1. Adoption of an annual or biennial budget and separate capital budget;
2. Transfer or conveyance of an interest in real estate other than release of a lien or satisfaction of a mortgage after payment has been received and the execution of a lease for a current term less than one year;
3. The contracting of debts, issuance of notes, debentures, or bonds, and the mortgaging or pledging of authority assets or credit to secure the same;
4. An action by the authority as a surety or guarantor;
5. All unbudgeted expenditures and all capital expenditures in excess of twenty-five thousand dollars, and all other transactions in which:
a. The consideration exchanged or received by the authority exceeds the greater of one percent of the previous year's operating budget or twenty-five thousand dollars;
b. The performance by the authority shall extend over a period exceeding one year from the date of execution of duties of, or assigns duties to, the city, the state, the United States or other governmental entity;
6. Any substantial project or major activity, outside the limits of the city pursuant to a contract between another city or county as authorized by RCW 35.21.740;
7. Certification of annual reports and statements to be filed with the City Clerk as true and correct in the opinion of the board and of its members except as noted;
8. Proposed amendments to the Charter and bylaws;
9. Such other transactions, duties and responsibilities as the Charter shall repose in the board or the board may reserve. (Ord. M-3302, 1997)