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File #: R-2016-116    Version: 1 Name: Audit Committee
Type: Resolution Status: Passed
File created: 4/7/2016 In control: Department of Financial Services
On agenda: 5/4/2016 Final action: 5/4/2016
Title: A Resolution Of The City Commission Of The City Of Hollywood, Florida, Establishing An Audit Committee, Providing The Purpose Of The Committee, Providing For The Number Of Committee Members, Providing Criteria For Committee Membership; Establishing Procedures, And Providing For Length Of Term Of The Committee.
Attachments: 1. audit committee resolution.pdf, 2. audit committee resolution attachment.pdf, 3. BIS 16158.pdf

Title

A Resolution Of The City Commission Of The City Of Hollywood, Florida, Establishing An Audit Committee, Providing The Purpose Of The Committee, Providing For The Number Of Committee Members, Providing Criteria For Committee Membership; Establishing Procedures, And Providing For Length Of Term Of The Committee.

 

Body

 

Staff Recommends: Approval of the Resolution

 

 

Explanation:

Florida State Statutes require that a local government use and follow certain auditor selection procedures when selecting an auditor to conduct the required annual financial audit. Among the required procedures that a local government must observe is the establishment of an audit committee to assist the local government in the selection of an auditor to conduct the annual audit and prepare the audited financial statements.

 

This Resolution sets forth certain provisions relating to the purpose of the audit committee, the membership of the audit committee, the procedures under which the audit committee shall conduct its work, and the length of term of the audit committee. 

 

 

Recommended for inclusion on the agenda by:

Dr. Wazir Ishmael, City Manager

George R. Keller, Jr., Assistant City Manager for Finance and Administration

Mirtha Dziedzic, Interim Financial Services Director