The Audit Committee is composed of five members appointed in accordance with City Code Sec. 6-604. Members must be a city resident for at least one year prior to appointment and have experience in the field of finance, accounting, business management, public administration, or law. One member of the City Council is appointed by the Mayor, approved by the City Council, and serves coterminously. Four members are nominated by the Audit Committee, approved by the City Council, and may serve two consecutive two-year terms. Former members serving two consecutive, full terms shall be eligible for reappointment after two years have passed since the expiration of his or her previous term.