The Colombo Municipal Council is the municipal governing body of Colombo, the largest city and financial centre in Sri Lanka. It consists of a directly elected executive Mayor of Colombo, current elect is Rosy Senanayake, and 119 elected 119 municipal councilors. The council was formed in 1865, it first met in 1866 and derives most of its powers from Municipal Council Ordinance No. 29 of 1947.