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HomeMy WebLinkAbout2007-02-26 2_271-273_Appoint member to the Audit Committee Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Brit Fontenot; City Clerk Chris A. Kukulski, City Manager SUBJECT: Audit Committee Appointment MEETING DATE: February 26, 2007 RECOMMENDATION: Make appointment to fill one vacancy beginning March 1, 2007. BACKGROUND: The City Commission created the Audit Committee in the late 1970's under the City of Bozeman's Audit Committee: Its Structure, Role and Scope; the Committee shall be comprised of four members as follows: "two Commissioners with some expertise in finance, accounting, or management if available; and two citizens with some expertise in finance, accounting, or management." Members shall be appointed to two-year staggered terms, and the terms of one Commissioner and one citizen are to begin on March 1st each year. The role of the Audit Committee is to advise the Commission regarding selection of an auditor, monitor the audit while in process, and to review the comprehensive annual financial report in detail and forward a recommendation to the Commission. This board meets as needed. There is currently one (1) vacancy on the Audit Committee and one (1) application for reappointment. Applicant: Verne Voegele (term expires on February 28, 2007) ALTERNATIVES: As suggested by the City Commission. Respectfully submitted, Approved by: Brit Fontenot, City Clerk Chris A. Kukulski, City Manager 340 341