[Amended 5-7-2018 by Ord.
No. 499]
The City Administrator or his/her designee shall
be responsible for establishing and maintaining funds necessary for
adequately accounting for the City's funds in accordance with generally
accepted accounting practices.
At least once each year, the City shall have
the books and records of all funds audited by independent public accountants
in accordance with generally accepted accounting principles and in
accordance with federal and state regulations.
[Amended 5-7-2018 by Ord.
No. 499]
The City Administrator or his/her designee shall
be responsible for reporting the results of the annual audit to the
public in accordance with state and federal regulations on an annual
basis.