181.03 RESPONSIBILITY OF CITY FINANCE DIRECTOR.

   The Finance Director shall have the power and responsibility as delineated in the Charter and consistent with the Charter shall communicate the following information to the Audit/Finance Committee, according to generally accepted accounting standards:

   (a)   The Finance Director’s professional responsibility under generally accepted accounting standards;

   (b)   Selection of accounting policies;

   (c)   Sensitive accounting estimates;

   (d)   Significant audit adjustments;

   (e)   Disagreements with management;

   (f)   Difficulties encountered in performing the audit.

      (Ord. 06-011. Passed 1-23-06.)