§ 3.14. Audit and examination of city books and accounts.

The city council shall cause an annual audit to be made of the books and accounts of every department of the city. At least sixty (60) days before the close of each fiscal year the city council shall select a certified public accountant to make a complete audit of city operations as of the close of each fiscal year and such audit report shall be submitted to the city council for approval not later than ninety (90) days after the close of each fiscal year. The same certified public accountant shall not be selected for more than three (3) consecutive years but he may be reappointed after the lapse of one (1) year during which he was not retained by the city. Such accountant, so selected, shall not maintain or keep any of the city's accounts or records. Such audit shall include a recapitulation of all audits made during the course of each fiscal year and shall also include a detailed report of the receipts and expenditures of all monies derived from general obligation and revenue bonds; and shall include a detailed report of the financial operations of each city-owned and operated utility with a list of extensions, additions, improvements, and replacements of all capital improvements and the source from which funds were derived. All audit reports shall be filed with the city council, shall be available for public inspection, and made a part of the archives of the city. The city council shall publish a notice that such reports are available to the public and cause a sufficient number of copies to be made for that purpose within fifteen (15) days after completion.

(Approved at referendum 8-13-94)