(A) Scope of audit. The Village Board shall provide for financial audits of the village. The following accounts of the village will be audited:
C.D.B.G. Housing Rehabilitation 662-2 | Restricted payroll |
General Fund | RLF |
Public utilities | T.I.D. account |
(B) Audit regularity.
(1) The Village Board shall receive interim financial statements from the Village Treasurer. These statements shall be prepared on a monthly basis. The Village Clerk shall cooperate and aid the Village Treasurer in the preparation of these financial statements. These statements shall be received by the Village Board at the meeting after the report is submitted.
(2) The Village Board shall arrange for a financial audit of the village, annually. The audit will be completed by a certified public accountant or by the Department of Revenue if the Department of Revenue provides this service. The Village Treasurer and the Village Clerk will cooperate with these audits.
(Prior Code, § 5.01(22)) (Ord. passed 3-11-2009)