CC 07-07-2020 Item No. 10 Approving an Internal Audit_Staff PresentationJuly 7, 2020Internal Audit FunctionCC 07-07-2020 Item No. 10
Agenda●Background●Purpose●Recommended Action
Background●FY 2019-20 City Council Work Program●FY 2019-20 Adopted Budget●Internal Auditor Selection●Request for Proposal, September 2019●Sub-Committee selected Moss Adams●Services to commence in Fiscal Year 2020-21
Purpose●Processes●Capital programs●Governance and management●Operations and service delivery●Risk management●Internal controls●Organization and staffing●Asset management●Funding and economics●Human resources●Technology●Compliance●Procurement●Accounting and financial reporting●Public safety●Fraud, waste, and abuseEnsuring City has proper controls, governance and risk management processes in place by independently reviewing:
Recommended Action●Adopt Resolution No. 20-091 establishing an Internal Audit Function●Conduct first reading of Ordinance No. 20-2208 amending City Code Chapter 2.88: Audit Committee §100 Duties-Powers-ResponsibilitiesoShall recommend appointment of internal auditorsoShall review internal audit reports
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