A. There is created the Moab audit committee which shall consist of three voting members. One member shall be an elected Councilmember of the City of Moab. One member shall be a staff member of the City of Moab. This staff member shall not have any formal relationship, whether as supervisor or direct or indirect report of the Finance Director or similarly situated position. One member shall have demonstrated knowledge and experience in audit, finance, risk and controls and shall have no affiliation to the City as an employee or elected official. This member may be compensated at a fair market rate as determined by the City Manager.

B. The Finance Director, or the City Manager’s designee, shall serve as chair of the audit committee. The chair shall conduct the meeting but is not a voting member of the committee. (Ord. 23-16, 2023; Ord. 23-09, 2023)