The purpose of the Bond Oversight Board is to ensure that the Miami Forever Bond Program has transparent and accountable internal project management and progress reporting, including proactive community engagement and communications, and affords appropriate citizen oversight to complement the standard oversight provided by the City Commission.
1. Monitor
To serve in an advisory capacity to the Mayor, City Commission, and City Administration related to the monitoring of the expenditure of bond proceeds derived from the issuance of the Miami Forever Bond.
2. Report
To review and report to the Mayor, City Commission and City Administration on the proper and efficient use of Bond proceeds through project status updatesand if formally requested, through vendor, contractor, or project manager presentation before the Board.
3. Audit
To review quarterly expenditure reports produced by the City to ensure that Bond proceeds are expended on time, on schedule, and only for the purposes set forth in the ballot measure along with derived goals.
