Each month the Commission shall provide the Mayor and City Council with a detailed, itemized report on the operation of the Utilities Commission for the previous month which report shall include an accurate accounting of the Commission's financial transactions, products produced, purchased and sold, revenues, expenditures, product losses and payroll. Once each fiscal year an external audit shall be performed by a qualified certified public accountant as selected by policy stated in § 53.21(A) for professional services.
(Ord. passed 10-3-50; Am. Ord. 2003-008, passed 5-22-03)