Sec. 2-15. - Independent audit.

(1)

The Council shall cause to be made an annual independent audit of the books, accounts and other evidences of financial transactions of the City to be conducted either by state auditors or a certified public accountant having no personal interest therein. If such audit is made by a private firm of certified public accountants, such firm shall be changed at least every five (5) years. A copy of the audit report shall be filed with the City Clerk and shall be a public record.

(2)

If the Council shall fail to provide for an independent audit not later than the close of any fiscal year, the proper officers of the state concerned with the municipal audits hereby are authorized to conduct such audit, and the City Clerk shall notify the state in writing that such audit is authorized to be conducted under the provisions of this Charter.