Submitted by: Councilmembers Strab, Croslin, Schaible, and Redmond
Submitting Department: Legislative
Agenda Section: Discussion
Item Title:
title
Creation of an Audit Committee
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Suggested Action:
recommendation
For Discussion.
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Summary Background:
Community feedback during the FY24 and FY25 budgeting process revealed a desire for resident participation in the auditing process to ensure trust in the fiscal responsibility of the City of Hyattsville, especially as the city has contracted a new independent auditing firm and is completing delinquent audits.
Attached is a draft committee worksheet.
Next Steps:
Upon the adoption of the committee worksheet, city staff will begin recruiting committee members for appointment by the City Council. The Council must also appoint 1-2 council members to act as liaisons to the committee. The City Treasurer or their designee will serve as the staff liaison.
Fiscal Impact:
There may be costs associated with having the City auditor and/or Financial Advisor attend committee meetings.
City Administrator Comments:
Recommend support. Councilmember Strab has worked with staff to develop the committee worksheet.
Community Engagement:
Committee openings will be advertised via the City’s communications channels.
Strategic Goals:
Goal 1 - Ensure Transparent and Accessible Governance
Legal Review Required?
N/A