RESOLUTION NO. 2022-XX
RESOLUTION OF THE COUNCIL OF THE CITY OF MARYSVILLE
ESTABLISHING AS A NEW COMMITTEE,
A FINANCIAL AUDIT COMMITTEE
At a regular meeting of the Council of the City of Marysville, State of California held on the 17th day of May, 2022.
WHEREAS, Marysville Administrative Code Section 181(a) recognized the existence of four standing committees of the City of Marysville, namely the Development Committee, Loan Review Committee, Parks & Recreation Committee and the Parking & Traffic Committee; and WHEREAS, pursuant to Marysville Administrative Code Section 182(c)(1) the City desires to establish an additional standing committee which shall be named the “Financial Audit Committee”; and
WHEREAS, the newly created Financial Audit Committee, the City Council identifies the charge of the Financial Audit Committee as review results of solicitations for professional auditing services and staff proposals for award; meet with auditors and management on an annual basis to review the results of independent financial audit including matters required to be communicated to the committee under generally accepted auditing standards, review audit approaches and coordination of the audit effort with management staff and make recommendations as necessary; review the City’s (financial) risk management process and effective internal controls as needed; review the City’s financial management/audit policies as applicable, particularly in areas such as ethics, conflict of interest, fraud and misappropriation; establish direct communication with the organization’s auditors as needed to discuss matters of concern that may arise; meet separately with external auditors as necessary to discuss matters that the committee or auditors believe should be discussed privately including topics such as regulatory compliance, ethics, fraud, misappropriation and whistleblowing and report and provide recommendations to the full council body regarding the topics listed above; and
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Marysville as follows:
Pursuant to Section 182(c)(1) of the Marysville Administrative Code the existence of the Financial Audit Committee is authorized. Said Committee shall have a continuing existence for a period of four (4) years from and after the adoption of this Resolution, absent earlier action by the City Council to terminate one or more of such Committees.
BE IT FURTHER RESOLVED that there is hereby established the Financial Audit Committee as a standing committee of the Council. Pursuant to Section 182 of the Marysville Administrative Code this Committee shall consist of two members of the City Council, although the Committee is authorized and encouraged to solicit input from community leaders/experts as it may desire, the input of such persons being considered by the Committee and, as deemed advisable, such input shall be incorporated into recommendations presented to the City Council.
This Committee shall continue until the earlier of the accomplishment of its tasks or four years after the adoption of this Resolution, absent earlier termination by the City Council or reauthorization for a continued existence pursuant to Marysville Administrative Code Section 182(c)(1).
I HEREBY CERTIFY that the foregoing resolution was duly and regularly introduced and adopted by the City Council of the City of Marysville, County of Yuba, State of California, held on the 17th day of March 2022, by the following vote:
Ayes:
Noes:
Absent:
Abstain:
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 17th day of March 2022.
By:
Nicole Moe, City Clerk
Attestation Date: _____________________
City of Marysville, California
By Its City Council
By:
Chris Branscum, Mayor