The City of Sanford Audit Committee was established February 11, 2013, pursuant to City of Sanford Resolution 2376, in accordance with Section 218.391, Florida Statutes. The Audit Committee is composed of members appointed by the City Commission. The purpose of the Audit Committee is to serve in an advisory capacity to the City Commission in the selection of an auditor to conduct the City's annual financial audit and for other purposes as direct by City Commission.
Duties and Responsibilities
- Assist the City Commission in selecting an auditor, in accordance with the provision of Section 218.391, Florida Statutes, to conduct the City's annual financial audit required by Section 218.39, Florida Statutes.
- Monitor the annual City audit and the processes relating to the performance of the annual City audit, review the financial statements prior to completion of the annual City audit, review the results of the annual City audit, evaluate management's proposed corrective action plans to any comments by the City auditors, monitor those action plans, and evaluate the City auditors performance and such other performance matters as may be appropriate.
- Perform such other duties as assigned by City Commission from time-to-time by adoption of a resolution.
The Audit Committee meets as often as necessary in order to adequately accomplish its duties.