§ 49-2. Oversight.

(a) In general.

In order for the City Council to oversee the management of the Funds, the Director, in collaboration with leadership from other City agencies, shall provide the City Council with:

(1) monthly reports;

(2) quarterly briefings;

(3) equity reports; and

(4) annual reports.

(b) Monthly reports.

Each monthly report shall:

(1) provide data and metrics regarding how the funds have:

(i) increased the effectiveness of City government services;

(ii) broadened the reach of City government services;

(iii) made City government services more efficient; or

(iv) made City government services more sustainable; and

(2) identify key performance indicators, benchmarks, and targets relating to:

(i) equity, as defined in Article 1, § 39-1 of the Baltimore City Code;

(ii) population growth;

(iii) labor and employment;

(iv) economic growth, especially the growth of minority and women-owned businesses; and

(v) community benefit.

Each quarterly briefing shall include financial disclosures regarding:

(1) monthly funding allocations;

(2) limitations on the use of the Funds;

(3) operational expenses, including information regarding community outreach and marketing and promotional materials;

(4) the creation of grants;

(5) procurement procedures; and

(6) disbursement procedures.

(d) Annual report.

(1) Deadline.

On or before June 30 of each year, the Director shall submit an annual report to the City Council and the Director of the Department of Legislative Reference.

(2) Publication.

The City Council shall publish the annual report online for public review.

(3) Contents.

The annual report shall include:

(i) an assessment of disbursement and management of the Funds;

(ii) disaggregated data of disbursement recipients;

(iii) inequities addressed by the Funds;

(iv) recommended steps to address and resolve identified inequities; and

(v) updates regarding community engagement.