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File #: 634-2015    Version: 1
Type: Ordinance Status: Agenda Ready
File created: 1/27/2026 In control: City Commission
On agenda: 2/2/2026 Final action:
Title: Public Hearing - Ordinance No. 04-2026, amending Chapter 2, Article IV to update the sections related to Annual External Audit at first reading.
Attachments: 1. Ordinance 04-2026 - Updating Financial Policies, 2. Exhibit A to Annual External Audit Ordinance, 3. Business Impact Estimate Form - Ordinance 04-2026 - Annual External Audit

TO:  Mayor and Commission                                          AGENDA DATE:  2/2/2026

 

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 Annual External Audit 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.”

.END

 

BACKGROUND:

Background

The proposed ordinance amends the Code of Ordinances Chapter 2, Article IV, Financial Policies, specifically relating to Annual External Audit

 

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.

 

The proposed amendments provide for a more efficient process for auditor selection and retention, providing for more transparency of city oversight of accounts and records of the city.

.End