The Council shall provide for an independent annual audit of all city accounts in accordance with the rules of the Auditor General of Florida, which shall include an annual examination of the financial position, the results of operations, and changes in fund balances of all the city funds for the year then ended in accordance with generally accepted auditing standards and may provide for such more frequent examinations as it deems necessary. Such examinations shall be made by a certified public accountant, or firm or such accountants having no personal interest, direct or indirect, in the fiscal affairs of the city government or any of its officers.
A management letter shall be rendered by the examining auditor setting forth deficiencies, if any, disclosed by his examination and his suggestions for improvements in internal controls. This letter shall be read at the next regularly scheduled council meeting after its receipt. A copy of this letter shall be filed with each copy of the audit report.
If the auditor for the State of Florida should perform such an examination and furnish such a letter, the council may accept them as satisfying the requirements of this section.
(Ord. passed - -)