(a) 
The City of Kyle hereby establishes and maintains an Audit and Finance Committee, which shall consist of five voting board members who shall be appointed by majority vote of the City Council. Membership of the Committee shall be comprised of residents of the City, with one member each that must reside within the boundaries of City Council Districts 2, 4, and 6, and two members representing the City at-large. The Audit and Finance Committee will be organized under the sections of the Code of Ordinances that apply to boards, located at section 2-40 et seq. unless otherwise provided in this division.
(b) 
The purpose of the Audit and Finance Committee is to assist the City Council in carrying out its fiduciary oversight responsibilities to:
(1) 
Protect and safeguard taxpayer funds.
(2) 
Increase public trust.
(3) 
Improve financial discipline and controls.
(Ordinance 1409 adopted 6/2/2026)
The Audit and Finance Committee shall serve in an advisory capacity to the City Council, City Manager and other boards and commissions on matters related to the finances of the City. Financial oversight responsibilities of the Committee will include reviewing, discussing, and making recommendations to City Council on the City's financial matters such as:
(1) 
Budget status and fund balance reporting.
(2) 
Capital spending plan.
(3) 
Debt management.
(4) 
Investments.
(5) 
Independent annual financial audit.
(6) 
Financial and procurement policies and updates.
(7) 
Study specific financial matters requested by City Council.
(Ordinance 1409 adopted 6/2/2026)
(a) 
In addition to qualifications set forth in section 2-45, members of the Audit and Finance Committee must meet the following qualifications:
(1) 
Must not be a party to active or pending litigation with the City;
(2) 
Must not have a financial interest in any contract with the City; and
(3) 
Must not serve on any other City board or commission.
(b) 
A minimum of two members of the Audit and Finance Committee must have demonstrated experience in at least one of the following:
(1) 
Finance, including budget, accounting, or auditing;
(2) 
Banking, investments, or bonds;
(3) 
Insurance or risk management;
(4) 
Procurement;
(5) 
Legal services or contracts; or
(6) 
Public administration.
(Ordinance 1409 adopted 6/2/2026)
At the first meeting of the board after annual term vacancies are filled, the board shall meet and elect one member as chairperson and another as vice chairperson.
(Ordinance 1409 adopted 6/2/2026)
The members of the Audit and Finance Committee shall be appointed by majority vote of the City Council for a term of two years. The members of the board shall be identified by place numbers one through five. Members initially appointed to odd-numbered places will expire on September 30, 2027, and those initially appointed to even-numbered places will expire September 30, 2028. Following the end of such terms, members will be appointed for terms of two years expiring on September 30.
(Ordinance 1409 adopted 6/2/2026)
(a) 
Regular meetings.
The Audit and Finance Committee shall endeavor to hold at least one regular meeting each calendar quarter and shall prescribe by rule regular meeting dates at a regular meeting place.
(b) 
Quorum.
A quorum shall consist of three voting members. A motion to approve any matter before the Audit and Finance Committee or to recommend approval of any request requiring City Council action shall require a simple majority vote of the quorum members present. Any quorum member may make or second a motion.
(c) 
Open meetings.
The Audit and Finance Committee meetings will be open to the public and will follow all rules of the Open Meetings Act. The City Secretary, or designee, will take minutes each meeting, which shall be approved at the next regular scheduled meeting. These minutes will be kept in accordance with the Open Meetings Act.
(d) 
Voting.
The presiding officer may decide if voting for a specific item shall be by voice vote or roll call vote. The presiding officer shall be entitled to vote on matters before the Audit and Finance Committee. All voting members of the Audit and Finance Committee present shall vote upon every issue, subject or matter properly before the board and requiring a board vote; provided that, if any member of the Committee has a conflict of interest, that fact shall be stated in the minutes and such member shall abstain from discussion and voting on the issue.
(Ordinance 1409 adopted 6/2/2026)