An Audit Committee, consisting of the Council Finance Committee and a member of the community with a financial background who is appointed by the Finance Committee, is hereby formally authorized to review the annual unaudited financial report submitted to the Auditor of State, periodically review the process used to prepare interim financial information submitted to Council, review audit results, assure that audit recommendations are appropriately addressed, and serve as a liaison between management and independent auditors. The committee shall meet at least once a year and upon the request of the Director of Finance or the chairperson of the Council Finance Committee.
(Ord. 2021-15. Passed 6-14-21.)