Council shall provide for an independent annual
audit of all municipal accounts and may provide for special audits,
as it deems necessary. Such audits shall be made by a person trained
in accounting or firm of such accountants who have no personal interest,
direct or indirect, in the fiscal affairs of the Municipality or any
of its officials. Council may, without requiring competitive bids,
designate such accountant or firm annually or for a period not exceeding
three years, provided that the designation for any particular fiscal
year shall be made no later than 30 days after the beginning of such
fiscal year.