Town of Clarkstown, NY
Rockland County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Town Board of the Town of Clarkstown 1-31-2017 by L.L. No. 1-2017. Amendments noted where applicable.]

§ 8-1 Committee created.

This chapter creates an external Audit Committee for the Town of Clarkstown.

§ 8-2 Purpose.

The purpose of this chapter is to create a new chapter of the Town Code of the Town of Clarkstown to provide for the creation of an external Audit Committee to advise and make recommendations to the Town Board and Town Comptroller with regard to fiscal responsibility and reform in the Town of Clarkstown.

§ 8-3 Organization.

There shall be an external Audit Committee for the Town of Clarkstown, which shall consist of three private members appointed by the Supervisor and the Town Board. All private members shall serve for a three-year term commencing on the first day of January 2017. The members of the Audit Committee shall elect a private member as chairperson for an annual term commencing on the first day of January 2017.

§ 8-4 Membership.

The private members of the external Audit Committee shall include at least one person with expertise in finance, one person with expertise in accounting, and one person with expertise in either finance, accounting or both. Private members shall serve in an advisory capacity and without compensation. Private members shall continue in office until their successors have been appointed and qualified.

§ 8-5 Duties and responsibilities.

The external Audit Committee shall:
A. 
Recommend to the Town Board the selection of a firm of certified public accountants to perform the required annual audit of the Town's accounts.
B. 
Review and approve the audit scope to be performed by the selected firm of certified public accountants.
C. 
Meet with the Supervisor, Comptroller and certified public accountants at completion of the audit to review audited financial statements and review the audit firm's recommendations for improvement of internal control.
D. 
Follow up on the Town's implementation of the auditor's recommendations which are considered practicable.
E. 
Provide counsel on the selection of the actuarial firm to perform the actuarial evaluation required by GASB 45.

§ 8-6 When effective.

This chapter shall become effective immediately upon filing with the Secretary of State.