(a) The Audit Committee shall be the members of the City's Board of Audit and Review who shall serve as a liaison with its auditors and shall monitor and review the City's accounting and financial reporting practices and follow-up on citations and recommendations made by its auditors.
(b) The Audit Committee shall meet as necessary to:
(1) Meet with the City's auditors before and after each audit;
(2) Evaluate financial and compliance audit recommendations and determine the necessity of implementing changes to policy or procedures; and
(3) Review legal compliance, financial conditions and internal controls over safeguarding the City's assets.
(Ord. 2008-099. Passed 1-12-09.)