Boards & Commissions

City of Medford Oregon / Boards & Commissions / Audit Committee

The Audit Committee acts on the authority provided by Ordinance 2018-56, as follows:

The Audit Committee shall be composed of four members, one of whom shall be a member of the Council and two of whom shall be current citizen members of the Budget Committee, with the final member being an at-large position with experience in reviewing audits, banking, and or financial reports.
 
The Chair of the Budget Committee shall appoint the Audit Committee’s two citizen members. The Council President shall nominate one of its members to serve on the Audit Committee.  The nomination shall occur at a regular or special meeting of the City Council at which a quorum of the Council is present.  The Council President will also appoint the at-large position who will be selected through the regular recruitment for community boards and commissions process. The Budget Committee member’s role on the Audit Committee shall be limited to the duties and responsibilities that relate directly to the annual financial report and audit.
 

The purpose of the Audit Committee is to:
  • Ensure that the auditor of the City’s financial statements is truly independent from City management, and
  • Provide an objective perspective on matters related to internal controls and the audit of the financial statements, and
  • Provide a communications link between management, the independent auditor, and the City Council.

That in fulfilling the Audit Committee’s purpose, typical responsibilities shall include:
  • Assisting in the selection of the independent auditor.
  • Communicating with the independent auditor, as needed, with regard to issues or questions of internal control and proper application of accepted accounting principles.
  • Reviewing the results of the financial statements audit with the independent auditor and management, and monitoring to ensure any significant findings or deficiencies disclosed in the audit are reviewed and corrected as needed.
  • Assisting the independent auditor in presentation of the annual audit to the City Council.
  • Monitoring the performance of the independent auditor and communicating with management and the City Council about the same.
  • Reviewing and responding to any confidential submission by employees of concerns regarding questionable accounting or auditing matters, or suspected fraud or related ethics issues.
  • As part of the above activities, meeting with the independent auditors, the Chief Financial Officer, City Manager, and City Attorney as deemed appropriate for fulfilling its role.
  • At a minimum, meeting prior to the beginning of the annual audit and to review the draft findings and report of the annual audit and letter to management, prior to presentation of the annual report to the City Council.

If you are interested in serving on this Committee, please complete the application.

 
Established Length of Term
June 7, 2018 4 years

Members

Name Email Title Term Begin Term End
Steven Dickson Budget Committee Member 7/26/2018 1/31/2022
Ed Felan Budget Committee Member 7/26/2018 1/31/2022
Michael Zarosinski Councilmember 8/23/2018 1/31/2022

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