That with respect to Report AC2020-0753, the following be approved:
That Attachment 1, Section 5(c), Authority of Audit Committee be amended by adding the words “and Chief Financial Officer”:
The Audit Committee is authorized to:
(c) request reports from the City Manager and Chief Financial Officer regarding:
(i) matters that have a material or significant financial impact to the City; and
(ii) The City’s integrated Risk Management and corporate risks, at least twice a year.
That Attachment 1, Schedule A, 2. Regarding the City’s Financial Disclosure and Accounting Practices” be amended by adding a new line (f):
(f) must meet with the Chief Financial Officer, in the absence of the External Auditor, at least quarterly.