(a) The Auditor shall each meeting provide the Investment Board and Treasurer a schedule of the anticipated cash flow requirements of the City. In making investments, the Investment Board and Treasurer shall comply with the Auditor's anticipated cash flow requirements to insure that funds are available when required.
(b) The Auditor shall audit all deposit and investment transactions of the City. The Investment Board and Treasurer shall comply with all demands of the Auditor for depository and investment documents upon reasonable notice.
(c) The Auditor shall establish procedures for internal controls which shall be designed to prevent loss of public money due to fraud, error, misrepresentation, unanticipated market changes, or imprudent actions.
(Ord. 32-98. Passed 4-6-98.)