mission by the Mayor to the Council and to the pub-
lic and upon final adoption to Congress and to the 
public. 
‘‘(27) Certifying all collective bargaining agree-
ments and nonunion pay proposals prior to submis-
sion to the Council for approval as to the availability 
of funds to meet the obligations expected to be in-
curred by the District government under such collec-
tive bargaining agreements and nonunion pay pro-
posals during the year. 
‘‘(e) FUNCTIONS OF TREASURER.—At all times, the 
Treasurer shall have the following duties: 
‘‘(1) Assisting the Chief Financial Officer in re-
porting revenues received by the District govern-
ment, including submitting annual and quarterly re-
ports concerning the cash position of the District 
government not later than 60 days after the last day 
of the quarter (or year) involved. Each such report 
shall include the following: 
‘‘(A) Comparative reports of revenue and 
other receipts by source, including tax, nontax, 
and Federal revenues, grants and reimburse-
ments, capital program loans, and advances. 
Each source shall be broken down into specific 
components. 
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‘‘(B) Statements of the cash flow of the 
District government for the preceding quarter 
or year, including receipts, disbursements, net 
changes in cash inclusive of the beginning bal-
ance, cash and investment, and the ending bal-
ance, inclusive of cash and investment. Such 
statements shall reflect the actual, planned, bet-
ter or worse dollar amounts and the percentage 
change with respect to the current quarter, 
year-to-date, and fiscal year. 
‘‘(C) Quarterly cash flow forecast for the 
quarter or year involved, reflecting receipts, dis-
bursements, net change in cash inclusive of the 
beginning balance, cash and investment, and 
the ending balance, inclusive of cash and invest-
ment with respect to the actual dollar amounts 
for the quarter or year, and projected dollar 
amounts for each of the 3 succeeding quarters. 
‘‘(D) Monthly reports reflecting a detailed 
summary analysis of all District of Columbia 
government investments, including— 
‘‘(i) the total of long-term and short- 
term investments; 
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‘‘(ii) a detailed summary analysis of 
investments by type and amount, including 
purchases, sales (maturities), and interest; 
‘‘(iii) an analysis of investment port-
folio mix by type and amount, including li-
quidity, quality/risk of each security, and 
similar information; 
‘‘(iv) an analysis of investment strat-
egy, including near-term strategic plans 
and projects of investment activity, as well 
as forecasts of future investment strategies 
based on anticipated market conditions, 
and similar information; and 
‘‘(v) an analysis of cash utilization, in-
cluding— 
‘‘(I)
comparisons
of
budgeted 
percentages of total cash to be in-
vested with actual percentages of cash 
invested and the dollar amounts; 
‘‘(II) comparisons of the next re-
turn on invested cash expressed in 
percentages (yield) with comparable 
market indicators and established Dis-
trict of Columbia government yield ob-
jectives; and 
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‘‘(III) comparisons of estimated 
dollar
return
against
actual
dollar 
yield. 
‘‘(E) Monthly reports reflecting a detailed 
summary analysis of long-term and short-term 
borrowings inclusive of debt as authorized by 
section 603, in the current fiscal year and the 
amount of debt for each succeeding fiscal year 
not to exceed 5 years. All such reports shall re-
flect— 
‘‘(i) the amount of debt outstanding 
by type of instrument; 
‘‘(ii) the amount of authorized and 
unissued
debt,
including
availability
of 
short-term lines of credit, United States 
Treasury borrowings, and similar informa-
tion; 
‘‘(iii) a maturity schedule of the debt; 
‘‘(iv) the rate of interest payable upon 
the debt; and 
‘‘(v) the amount of debt service re-
quirements and related debt service re-
serves. 
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‘‘(2) Such other functions assigned to the Chief 
Financial Officer under subsection (d) as the Chief 
Financial Officer may delegate. 
‘‘(f) DEFINITIONS.—For purposes of this section 
(and sections 424a and 424b)— 
‘‘(1) the term ‘Authority’ means the District of 
Columbia Financial Responsibility and Management 
Assistance
Authority
established
under
section 
101(a) of the District of Columbia Financial Re-
sponsibility
and
Management
Assistance
Act
of 
1995; 
‘‘(2) the term ‘control year’ has the meaning 
given such term under section 305(4) of such Act; 
and 
‘‘(3) the term ‘District government’ has the 
meaning given such term under section 305(5) of 
such Act.’’. 
(b) CLARIFICATION OF DUTIES OF CHIEF FINANCIAL 
OFFICER AND MAYOR.— 
(1)
RELATION
TO
FINANCIAL
DUTIES
OF 
MAYOR.—Section 448(a) of such Act (section 1– 
204.48(a), D.C. Official Code) is amended by strik-
ing ‘‘section 603,’’ and inserting ‘‘section 603 and 
except to the extent provided under section 424(d),’’. 
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(2) RELATION TO MAYOR’S DUTIES REGARDING 
ACCOUNTING SUPERVISION AND CONTROL.—Section 
449 of such Act (section 1–204.49, D.C. Official 
Code) is amended by striking ‘‘The Mayor’’ and in-
serting ‘‘Except to the extent provided under section 
424(d), the Mayor’’. 
SEC. 202. PERSONNEL AUTHORITY. 
(a) PROVIDING INDEPENDENT PERSONNEL AUTHOR-
ITY .— 
(1) IN GENERAL.—Part B of title IV of the 
District of Columbia Home Rule Act is amended by 
adding at the end the following new section: 
‘‘AUTHORITY OF CHIEF FINANCIAL OFFICER OVER PER-
SONNEL OF OFFICE AND OTHER FINANCIAL PER-
SONNEL 
‘‘SEC. 424a. (a) IN GENERAL.—Notwithstanding any 
provision of law or regulation (including any law or regula-
tion providing for collective bargaining or the enforcement 
of any collective bargaining agreement), employees of the 
Office of the Chief Financial Officer of the District of Co-
lumbia, including personnel described in subsection (b), 
shall be appointed by, shall serve at the pleasure of, and 
shall act under the direction and control of the Chief Fi-
nancial Officer of the District of Columbia, and shall be 
considered at-will employees not covered by the District 
of Columbia Merit Personnel Act of 1978, except that 
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