(a) An Audit Committee is hereby created to advise Council and the Mayor in fulfilling their oversight responsibilities regarding the Village’s financial and performance audits, including the systems of internal control and otherwise assessing Village-owned financial and performance activities brought to the attention of the Audit Committee. In performing its work, the Audit Committee shall maintain an open avenue of communication between Council, the Mayor, the Village Fiscal Officer and any external independent auditors, thereby helping to maintain public trust that the Village of South Amherst has fulfilled its fiduciary responsibility to its citizens.
(b) The Audit Committee shall consist of four (4) members, which shall include all three (3) members of the Finance Committee and one resident of the community appointed by the Mayor. (Ord. 1484-15. Passed 4-27-15.)