The Authority shall employ a state licensed public accountant, of firm thereof, to make an annual audit of the Authority's financial accounts and affairs, and to make a report thereof, including comments of the auditor regarding whether or not the Authority is in compliance with statutory requirements and with lawful covenants and commitments made in its contract or bond proceedings. A copy of each audit report shall be filed and kept open for public inspection in the office of the secretary-treasurer of the Authority, and a copy shall be provided to the City Clerk.
(Ord. 717, passed 8-28-80)