§ 2-208. Exemption of expenditures and audit.

Latest version.

The expenditures during the fiscal year from the risk management trust fund and monies remaining in the trust fund at the close of the fiscal year shall not be subject to the provisions of A.R.S. § 42-301 et seq. An internal financial audit shall be performed annually which can be satisfied by a comprehensive audit and financial report. A performance audit shall be performed every five (5) years, or more often as requested by trustees or city risk manager, by an external, independent auditor. The report shall be kept on file for a minimum of five (5) years.

(Ord. No. 2892, § 1, 5-27-14)

                    
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