Typically, the board's membership will consist of a combination of elected officials from the executive branch (e.g., the mayor or county executive) and the legislative branch (called the city council or, in some localities, the board of supervisors), and its powers are usually concentrated in such areas as taxation and debt management.
It primarily makes tax and debt policy for both the City and the Park Board organizations.
Similar to Minneapolis, it sets fiscal policy for the City by sharing power among different elected individuals.
Middleton, New York has a Board of Estimate which is made up of the Mayor, the President of the Common Council and the Chair of the Finance Committee.
They oversee the finances of the City, including purchasing, contracts, debt management, setting salaries and other similar financial duties.