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HomeMy WebLinkAboutR2006-013FILEREFERENCEFORM R2006-013 X AdditionalFile Exists AdditionalFile Contains RecordsNot Public, Accordingtothe Public Records Act Other FILES Date Initials AmendedbyResolutionNo. R2006-026 08/01/06J RRescindedbyResolutionNo. R2009-015 06/16/09 S:\Our Documents\Reso1utions\06\Wudit Committee Resolution.doc RESOLUTION NO. R2006- 0/9- A RESOLUTION ESTABLISHING THE CITY COUNCIL AUDIT COMMITTEE AS A STANDING COMMITTEE OF THE CITY COUNCIL; APPOINTING THE INITIAL MEMBERS OF THE COMMITTEE; APPROVING A COUNCIL AUDIT COMMITTEE DIRECTIVE, AUDIT COMMITTEE BYLAWS, AND INTERNAL AUDIT CHARGE; SUPERCEDING RESOLUTION NO. R2005-052; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council is of the opinion and hereby finds, that there are many important issues and responsibilities facing the Council that require a specific standing audit committee (the "Audit Committee" or "Committee") to provide the governance and oversight of the organization's audit activities, internal controls, and financial and operational reporting; and WHEREAS, subsections 2.08(q)(r) and Section 2013 of the City of Denton Charter authorize the Council to provide for the auditing and investigation of the municipal affairs of the City; and WHEREAS, to that end it is important that the City's internal audit function be independent and free from improper influence.or coercion; and WHEREAS, the Government Accounting Standards, promulgated by the United States General Accounting Office, Section 3.03 provides that the general standard related to independence is that all matters relating to the audit work, the audit organization and the individual auditor, whether government or public, should be free both in fact and appearance from personal, external, and organizational impairments to independence; and WHEREAS, the establishment of the Audit Committee will help to insure independence in such internal audit matters; and WHEREAS, the City Council is of the, opinion and hereby finds the establishment of the Audit Committee is in the public interest; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES: SECTION 1. The findings and recitations contained in the preamble of this resolution are incorporated herein by reference. SECTION 2. The City Council hereby establishes the Audit Committee as a standing committee of the Council. The Committee shall consist of the mayor and two City Council members appointed by the City Council. The Audit Committee shall conduct its activities in accordance with Council Audit Committee Directive, Bylaws of the Audit Committee, and Internal Audit Charge, attached hereto and made a part hereof as Exhibits A, B, and C, respectively. S:\Our Documents\Resolutions\06\Audit Committee Resolution.doc SECTION 3. The initial members of the Audit Committee shall be the same members currently serving on the Council's existing audit committee, being: Mayor Euline Brock, Chair, Councilmember Joe Mulroy, and Councilmember Charlye Heggins. The Committee members shall serve at the pleasure of the City Council until successors are duly appointed by the Denton City Council and become qualified to serve. The appointments to the Committee shall take place during the City Council's decisions on Boards and Commissions. The appointment of Committee officers shall take place annually, at the first meeting following the official appointment of the members by the Council. Members of the Committee must be current elected City Council members of the City of Denton, Texas. The Audit Committee members, to assist in fulfilling their governance objectives, are authorized to appoint ex officio members as defined in the Bylaws of the Audit Committee. SECTION 4. Pursuant to the Bylaws of the Audit Committee the City Manager and Internal Auditor are ex-officio members of the Audit Committee. SECTION 5. Resolution No. R2005-052 is hereby superseded. SECTION 6. This resolution shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the l h day of 2006. GAG EULINE BROCK, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY By: APPROVED AS TO LEGAL FORM: EDWIN M. SNYDER, CITY ATTORNEY By: Page 2