AUDIT COMMITTEE

Responsibilities
·       Act as the Township’s Audit Committee for the purposes of meeting with auditor, reviewing and implementing management letter and make recommendations to Council, as required
Membership
·       The Committee shall be composed of 2 Councillors, Chief Administrative Officer/Clerk-Treasurer, Deputy Treasurer and 1 qualified member of the public
·       One Councillor shall be appointed as the Committee Chair and the other as Vice-Chair
Meeting Schedule
·       Meetings shall be held and called by the Chair as required
Reporting
·       The Chair is responsible for regular reporting to Council
·       Council shall receive minutes of all committee meetings
Compensation
Compensation to be determined by Council