TO: Mayor and Commission AGENDA DATE: 2/17/2026
FROM: City Manager AGENDA ITEM: 8 - C
SUBJECT:
Title
Public Hearing - Ordinance No. 04-2026, amending Chapter 2, Article IV to update the sections related to Financial Polices at first reading.
Body
LOCATION:
Citywide
COST:
Not Applicable
SOURCE OF FUNDS:
Not Applicable
ORIGINATING DEPARTMENT:
Finance
POTENTIAL MOTION:
Recommendation
“I hereby approve Ordinance No. 04-2026, at first reading, to amend Chapter 2 Administration and Article IV Finance Policies relating to Annual External Audit and Collection of Delinquent bills or court-related financial obligations.”
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BACKGROUND:
Background
The proposed ordinance amends the Code of Ordinances Chapter 2, Article IV, Financial Policies, specifically relating to Annual External Audit and Collection of Delinquent bills or court-related financial obligations.
It amends the following:
1. Division 4. Annual External Audit - This is an entirely new section that sets forth
a. Conducted in conformance with generally accepted auditing standards
b. City Commission shall have an annual audit of the accounts and records of the city.
c. Work to be performed by a certified public accountant
d. Term of contract to be no longer than five successive years
e. Firm may not have successive terms longer than five years.
2. Division 5. Collection of Delinquent Bills or Court-Related Financial Obligations - This is an entirely new section that sets forth
a. Defines the Billing Process
b. Sets forth a Collection agency contract
c. Sets forth the Collection and Settlement Process of outstanding accounts
d. Establishes the write-off of uncollectible accounts
The proposed amendments provide for a more efficient financial processes by providing for more transparency and city oversight of audits, accounts and records of the city.
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