a. The City of Bowling Green Audit Committee shall consist of five (5) members appointed by the Mayor with approval of the Board of Commissioners and one (1) non-voting ex-officio member as follows:
1. Two (2) members shall be audit professionals from the community at large preferably with a CIA, CPA, CFE or other appropriate professional certification;
2. Two (2) members shall be from the business community at large;
3. One (1) member shall be selected from the membership of the Board of Commissioners; and,
4. The City Manager shall serve as the non-voting ex-officio member.
b. The initial appointments to the Audit Committee shall be staggered with two (2) members, one (1) from each of 1. and 2. listed hereinabove, serving a term of one (1) year, and the other two (2) members serving a term of two (2) years. All subsequent appointments shall be for a term of two (2) years. Members of the Audit Committee may be reappointed, but no member may serve more than three (3) consecutive terms. The member of the Board of Commissioners and the City Manager shall each serve for his term of office. Vacancies shall be filled for the remainder of the term appointed in the same manner as described hereinabove.
c. The members of the Audit Committee shall serve without compensation; however, members shall be reimbursed for expenses necessarily incurred in the performance of their duties.
(Ord. BG2006-41, 11/21/2006)