§ 2-220. Exemption of expenditures and audit.

Latest version.

The expenditures during the fiscal year from the workers' compensation trust fund and monies in the trust fund at the close of the fiscal year shall not be subject to the provisions of A.R.S. Sec. 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 the workers' compensation trust fund trustees or city risk manager by an external auditor. The report shall be kept on file for a minimum of five (5) years.

(Ord. No. 2892, § 2, 5-27-14)

                    
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