Committee Details
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The Audit Committee
Ensures that public money is managed properly by overseeing financial reporting, reviewing the effectiveness of internal controls and risk management, and monitoring the work of internal and external auditors. It provides assurance to the council and the public that finances are in good order and governance standards are being met.
1. To inquire into and report upon the manner in which the finances of the council, its assets and human resources are being used,
2. To ascertain whether the funds and assets of the council are applied to the purpose intended and are consistent with any regulations and standing orders issued by the council, or the Minister, as the case may be,
3. To call for information, explanations and evidence in respect of any matters in respect of which the auditors have made observations,
4. To receive and consider reports of internal and external auditors and make appropriate recommendations to the council and
5. To recommend to the council appropriate methods of investment of moneys, and custody of any other properties of the council.