181.02 DUTIES.

   The duties of the Audit/Finance Committee shall include but not be limited to:

   (a)   Review the annual unaudited financial report submitted to the Auditor of the State;

   (b)   Periodically review the process used to prepare interim financial information submitted to the City Commission;

   (c)   Review any audit results;

   (d)   Assure that audit recommendations are appropriately addressed;

   (e)   Serve as liaison between management and independent auditors;

   (f)   Assure that any problems and issues are appropriately communicated from management to the Auditor of the State;

   (g)   Serve in an advisory capacity to the City Commission;

   (h)   Assist in an advisory capacity to both the City Commission and City Administration in the preparation of written financial reports and control policies; assist the City Commission in annually reviewing the Finance Director’s job performance;

   (i)   Meet with the independent auditors before and after each audit;

   (j)   Select a chairman and establish rules and procedures as are appropriate to carry out the purposes of this chapter.

      (Ord. 11-083. Passed 9-26-11.)