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Resolution No. 20-60 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 20- 46 A RESOLUTION REPLACING RESOLUTION NO. 18-46 AND MAKING THE EXPANDED AUDIT COMMITTEE MEMBERSHIP AND RESPONSIBILITIES PERMANENT WHEREAS, Resolution No. 12-26 established the Audit Committee to provide the city with independent oversight of financial audits with the committee made up of one City Councilor,two residents,and one resident alternate;and WHEREAS, Resolution No. 18-46 increased the number of Audit Committee at-large residents from two to four residents,on a temporary basis;and WHEREAS, Resolution No. 18-46 expanded the scope of the Audit Committee to include performance audit oversite,on a temporary basis;and WHEREAS, the expanded Audit Committee has completed their responsibilities and has provided their recommendations of. 1) Conduct a performance audit of the utility funds after completion of the Tyler-Mums implementation, 2) Keep the audit committee in its expanded committee format for greater perspective,ideas, and oversight, and 3) Implement the existing performance audit measures as presented and carry out performance audit activities every 5-7 years. NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that: SECTION 1: The Tigard Audit Committee shall: A. Continue its duties outlined in Resolution No 12-26. B. Continue its oversight of performance audit activities of the city by: a. Reviewing annual reports from staff on progress in measuring and .reporting on metrics suggested by performance audit reports. b. Ensuring a performance audit of the utility funds is conducted after completion of the Tyler-Mums implementation. C. Ensuring a performance audit is conducted every 5-7 years. C. Continue the expanded membership of the Audit Committee of one City Councilor,four residents,and one resident alternate. SECTION 2: This resolution is effective immediately upon passage. PASSED: This g �, day of 1Je c e✓h G z,-2020. Mayor-City of Tigard ATTEST: City Recorder-City of Tigard RESOLUTION NO.20- 6v Page 1