Applicants sought for new City Audit Committee

Applications are now being taken from members of the public interested in being members of the City's new Audit Committee which was created in December 2009. There are two vacancies available for terms running through January of 2013. One vacancy is a Mayoral appointment, and the other will be appointed by the City Council. Applications are due by March 12, 2010.

The Audit Committee is responsible for the oversight of the City's internal audit function, financial reporting practices, internal controls, compliance with applicable law, and regulation relating to financial controls and other related matters. The commission will meet a minimum of four times a year, and there is no compensation for committee members.

The Committee is responsible for appointing and removing the Internal Auditor, reviewing and approving the Internal Auditor’s annual audit plan, reviewing audit reports, and making recommendations to the City council on the appropriate course of action on any such audit reports. It also charged with monitoring the Internal Auditor’s results and follow-up activity, and reviewing reports of the State Auditor prepared for any of the City's departments, boards and commissions.

In recent weeks, the City has streamlined the process for appointments to volunteer boards and commissions. Applicants must be residents of the city who are not past or current city employees, are not past or current elected officials of the city Council or any of its boards or commissions, and who have expertise in auditing, preferably internal or management auditing, or financial management.

Applications are available by visiting the City's cityclerk@minneapolismn.gov or by calling (612)673-3358. Folks can apply on their own behalf, nominate others for consideration, or inform the City Clerk of people to whom they wish application materials be sent. Applications must be received or postmarked by Friday, March 12, 2010.

Applications are forwarded from the City Clerk to the Mayor and City Council for their consideration. A public hearing is required for selected applicants.

Published Mar 1, 2010

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