§ 5.10. Audits.

(a)

Financial audits. The city council shall provide for an independent financial annual audit of all city accounts and provide for such more frequent audits as it deems necessary. Each audit shall be as extensive and serve such special purpose as the city council may deem necessary from time to time. Such audits shall be made by a certified public accountant or a firm of such accountants who have no direct interest in the fiscal affairs of the city government or any of its officers. The city council may, without requiring competitive bid, designate such accountant or firm annually or for a period not exceeding three years, provided that the designation for any particular fiscal year shall be made at least 90 days prior to the end of such fiscal year. If the State of Florida makes such an audit, the city council may accept such audit as satisfying the requirement of this section.

(b)

Managerial audits. The city council shall provide for an independent managerial audit of such city departments as it may deem necessary from time to time. Such audits shall be made by a competent individual or firm who has no direct interest in the managerial affairs of the city or any of its officers. The city council may, without requiring competitive bids, designate such individual or firm.

(Ord. No. 95-40, exhibit A, § 1, 10-24-95)

State law reference

Annual audits required, F.S. §§ 166.241(1), 218.32.