CC 10-07-2025 Item No. 15 Audit Committee Duties and Responsibilities_PresentationCC 10-07-2025
Item No. 15
Study Session on amendments to Audit Committee Duties, Powers, and Responsibilities
Presentation
October 7, 2025
Audit Committee Duties and
Responsibilities Study Session
History
May 20th City Council directs audit committee to
consider amending their scope and to return to
the City Council with Recommendations
July 28th Audit Committee makes
recommendations to amend duties and forwards
to City Council
•Change the committee’s name to “Audit and
Finance Committee.”
•Modify Section 2.88.100(g) to read: “To review the
City’s internal controls and internal audit reports.”
•Add Section 2.88.100(i): “To review the use of
artificial intelligence in the City’s financial
reporting, internal controls over financial reporting,
risk management, and compliance.”
Audit Committee Recommended Changes
•With Council direction, staff will:
•Prepare amendments to Municipal Code
Section 2.88.100 for Council consideration.
•Tentatively scheduled for first reading on
October 21, 2025,
•With second reading on November 4, 2025.
Next Steps
Questions