[Adopted 3-28-1991 (Title 2, Ch. 2.88, of the 1986 Code); amended 10-14-2002; FCB 5-14-2009]
The Audit Committee shall consist of three City Councilors appointed
by the City Council President.
A.
The Audit Committee, through the Director of Internal Audit, shall
have the right and power to:
(1)
Review, study and issue a written report on the findings of the independent
auditor's report required under the federal Single Audit Act of 1984,
as amended.
(2)
Make recommendations to the Mayor and the City Council for improvements
in the process and methodology and to ensure compliance with recommendations
of the independent auditor's report and federal standards.
(3)
Act in an advisory and consultative capacity with the Comptroller
and Chief Administrative and Financial Officer (CAFO) to promote,
assist and coordinate general accounting principles in connection
with the City's fiscal affairs.
(4)
Act in an investigatory fashion with respect to the fiscal health
and status of the City and its departments, authorities, boards, commissions,
agencies and other entities, directly or indirectly affiliated with
the City.
B.
The Director of Internal Audit shall be required to present his/her
annual goals to the City Council by January 31 of each year. By November
1 of each year, the Audit Committee shall conduct an annual review
of the performance of the Director of Internal Audit, with a report
to the full Council by December 15.
C.
It is understood that the CAFO and the Comptroller shall respond
to any and all inquiries of the Audit Committee or any of its individual
members in a prompt, diligent and fully responsive manner.
