Audit Committee

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Regular Meetings

  • 8:00 AM
  • Third Monday of every month

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Membership

NameAppointed
Fred Paone, Chair, Ward 2
Rhonda Pindell Charles, Ward 3
Shaneka Henson, Ward 6
Jared Littmann, Esq.6/25/18
Julie Mussog, CPA, MBA
6/25/18
Albert G. Kirchner, Jr.
6/25/18
James A. Cardillo, CPA


Purpose

The purpose of the Audit Committee is to provide independent review and oversight of the City's financial reporting processes, internal controls, external/independent auditors, and City internal audit services.

(Ord. No. O-30-17 Amended § I, 7-31-2017)

Responsibilities

A.

The Audit Committee shall be responsible for the retention and oversight of the work of any external independent auditors engaged for the purpose of preparing or issuing an independent audit report or performing other independent audit, review, or attest services. All external, independent auditors shall report directly to the Audit Committee, but shall provide copies of all reports and recommendations to the City Council and City Manager. An external Independent Auditor shall be hired in accordance with the City's Standard Procurement Procedures and in coordination with the Procurement Officer.

B.

The Audit Committee shall make recommendations to the City Manager for the appointment and retention of individuals who perform internal audit services in accordance with the City's standard hiring or consultant retention practices and in coordination with the Human Resources Manager or Procurement Office, as appropriate. The City Manager shall accept the recommendations of the Audit Committee unless there are compelling reasons to the contrary. The Audit Committee shall have oversight over the internal audit services. Individuals performing internal audit services shall: (i) report directly and exclusively to the Audit Committee; (ii) perform the duties set forth in Section 2.48.430 of this chapter; and (iii) provide copies of all reports and recommendations to the Finance Director, Mayor, City Manager, and any affected Department Director.

C.

The Audit Committee shall present no less than quarterly to the City Council a written report of how it has discharged its duties and met its responsibilities. The Audit Committee's report shall be made public and shall include copies of all reports received from any Auditors (external or internal) during the year reviewed.

D.

The Audit Committee may establish written rules and regulations for the governance of its meetings and responsibilities. Such written rules and regulations shall, at a minimum, include a procedure for the receipt, retention, and treatment of complaints regarding accounting, internal controls, fraud, waste, abuse, or other auditing matters, and procedures to protect the confidentiality of anonymous complainants.

E.

The Finance Director and Finance Department shall cooperate with the Audit Committee to assist the Committee in performing its duties and responsibilities.

(Ord. No. O-30-17 Amended § I, 7-31-2017)


Composition

The Audit Committee shall consist of three Alderpersons, three volunteer civilians and one member of the Financial Advisory Commission who have financial reporting, audit committee or auditing experience. The Alderperson members shall be appointed by the Mayor and confirmed by the City Council. The civilian members shall be appointed by the Alderpersons on the committee and confirmed by the City Council. The terms of the Alderpersons shall be identical with their terms of office. The initial terms of office for the three civilian members shall be two, three and four years respectively. Thereafter, each civilian member shall serve for a term of three years, or until the member's successor is appointed and qualified, commencing on the first day of June, the term of no more than one civilian member expiring each year. All members of the Audit Committee shall have equal voting rights, except that the Finance Director and City Manager shall be nonvoting members of the Committee. The Audit Committee shall report to the City Council.

(Ord. No. O-30-17 Amended, § I, 7-31-2017)