Purpose: To review and advise the City Council/urban Renewal Agency on all matters related to the audit. Among these will be:

1. Assuring itself that the auditor selected is both independent and competent
2. Meeting with the chosen auditor in advance of the audit to recommend the proper scope of the audit.
3. Examine the control weaknesses discovered during the audit and reported in the audit findings and in the auditor’s management letter.
4. Satisfy itself that management has taken the appropriate actions to correct any deficiencies discovered during the audit.
5. Accept other financially related assignments as given by the City Council.

Membership: The Committee shall consist of five voting members: three members of the City Council and two citizen members of the Budget Committee. Members will be appointed by the Mayor and announced at a regularly scheduled Council meeting. The Committee will be staffed by a non-voting staff liaison to be appointed by the City Manager.

Term of Office: Each member of the Committee will serve a two-year term.

Term of The Committee: Until dissolved by Council.