HomeMy WebLinkAboutCC RES 87-131
RESOLUTION NO. 87-131
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF TUSTIN,. CALIFORNIA,
CREATING THE CITY OF TUSTIN AUDIT
COMMITTEE AND ESTABLISHING THE
RESPONSIBILITIES OF THE AUDIT
COMMITTEE.
The City Council of the City of Tustin does hereby
·
resolve as follows:
WHEREAS, the City Council of the City of Tustin recognizes the importance of the City's
Annual Financial Report and the role of the independent auditor: and
WHEREAS, the City Council of the City of Tustin has
determined that citizen participation in the audit process
would provide additional, assurance that the quality of the
audit and Annual Financial Reports will remain high; and
WHEREAS, the City Council of the City of Tustin sees an
independent Audit Committee as a means of providing the
citizens of the City an opportunity to participate in this
important process.
NOW, THEREFORE, the City Council of the City of Tustin
does hereby create the City of Tustin Audit Committee. The
Audit Committee shall consist of three private citizens,
· selected at large, who will serve two year, staggered terms,
subject to service at the pleasure .of the City Council. At
least two members of the committee shall at all times be
residents of the City of Tustin. One member may be a
resident of the service area of the Tustin Water Department.
Committee members shall be compensated at the rate of Fifty
Dollars ($50.00.) per Committee meeting.
The responsibilities of the Audit Committee shall be
fDll ows:
as
1. Review and advise on the selection of external
auditors;
2. Review and advise on the scope of the audit;
3. Review an~ advise on any accounting issues which-
may arise during the audit;
4. Review and comment on the progress of-the external
au'~i"t; -.
5. Review, evaluate and comment on the City' s
Financial Statements and on the Auditor's Report;
6. Review and evaluate the Auditor's Management Letter
and management's response thereto, including the adequacy of
management's attention to correction action;
7. Inquire into and obtain answers to any issue or
item in question included in the Financial Statements;
8. Maintain a public record of its proceedings
report to the City Council at least annually~
and
PASSED AND ADOPTED at a regular meeting of the
City Council of the City of Tustin, California, held on the
21st day of December , 1987.
MAYOR
ATTEST. ·
JGR:se :R: 12/22/87 (183)
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) §
CITY OF TUSTIN )
MARY E. WYNN, City Clerk and ex-officio Clerk of the City Council of the City of
Tustin, California, does hereby certify that the whole number of the members of
the City Council of the City of Tustin is five; that the above and foregoing
Resolution No. 87-131 was duly and regularly introduced, passed and adopted at a
regular meeting of the City Council held on the 21st day of December, 1987, by the
following vote'
.AYES · COUNCILPERSONS' Edgar, Hoesterey, Kelly, Kennedy
NOES · CO. UNCILPERSONS' None
ABSENT' COUNCILPERSONS' Prescott
MARY E. WYN~, city C'l?~rk "'
City of Tus~n, Califdrnia