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Title
Subject: Study Session on amendments to Audit Committee Duties, Powers, and Responsibilities
Recommended Action
Conduct study session on the Audit Committee’s recommendation to amend Municipal Code Section 2.88.100 to reflect the following changes:
1. Change the committee’s name to “Audit and Finance Committee.”
2. Modify Section 2.88.100(g) to read: “To review the City’s internal controls and internal audit reports.”
3. Add Section 2.88.100(i): “To review the use of artificial intelligence in the City’s financial reporting, internal controls over financial reporting, risk management, and compliance.”