File #: Int 0983-2001    Version: Name: Selection of a firm for an annual audit, Amend Charter
Type: Introduction Status: Enacted
Committee: Committee on Finance
On agenda: 10/12/2001
Enactment date: 11/16/2001 Law number: 2001/059
Title: A Local Law to amend the New York city charter, in relation to the selection of a firm for an annual audit.
Sponsors: Herbert E. Berman, (by request of the Mayor), Jerome X. O'Donovan
Council Member Sponsors: 3
Attachments: 1. Committee Report, 2. Fiscal Impact Statement, 3. Hearing Transcript, 4. Local Law
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
11/16/2001AHerbert E. Berman City Council Recved from Mayor by Council  Action details Meeting details Not available
11/16/2001AHerbert E. Berman Mayor Signed Into Law by Mayor  Action details Meeting details Not available
11/16/2001AHerbert E. Berman Mayor Hearing Held by Mayor  Action details Meeting details Not available
10/31/2001AHerbert E. Berman City Council Approved by CouncilPass Action details Meeting details Not available
10/31/2001AHerbert E. Berman City Council Sent to Mayor by Council  Action details Meeting details Not available
10/31/2001AHerbert E. Berman Committee on Finance Approved by CommitteePass Action details Meeting details Not available
10/31/2001*Herbert E. Berman Committee on Finance Amended by Committee  Action details Meeting details Not available
10/31/2001*Herbert E. Berman Committee on Finance Amendment Proposed by Comm  Action details Meeting details Not available
10/31/2001*Herbert E. Berman Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
10/12/2001*Herbert E. Berman Legislative Documents Unit Printed Item Laid on Desk  Action details Meeting details Not available
10/12/2001*Herbert E. Berman City Council Referred to Comm by Council  Action details Meeting details Not available
10/12/2001*Herbert E. Berman City Council Introduced by Council  Action details Meeting details Not available
Int. No. 983-A
 
By Council Member Berman (by request of the Mayor); also Council Member O'Donovan
 
 
A Local Law to amend the New York city charter, in relation to the selection of a firm for an annual audit.
 
 
 
Be it enacted by the Council as follows:
 
      Section 1.  Section 95 of the New York city  charter, as amended by vote of the electorate at a general election held on November 7, 1989, is amended to read as follows:
      § 95  Annual audit.      An annual audit shall be made of the consolidated operating accounts of the city and year-end assets of the city by a firm or firm of certified public accountants selected by the audit committee [, after submission of more than one proposal to perform the audit,] unless such audit is performed or shall be performed by the state comptroller.  Copies of the annual audit shall be submitted to the mayor, the comptroller, the council and the state comptroller and shall be published in the City Record.  No [firm of certified public accountants shall perform any such audit or a part of such audit for more than eight consecutive years provided, however, that no] audit engagement contract pursuant to this section shall exceed four years.      
      § 2. This local law shall take effect immediately, and shall be deemed to have  been in full force and effect on and after November 1, 2001, provided, however that the amendment by section one of this local law to the last sentence of section 95 of the New York city charter shall take effect on November 1, 2002.