Sec. 12.07. AUDITS;  EMPLOYMENT OF CERTIFIED PUBLIC ACCOUNTANTS.  The board of trustees shall employ a certified public accountant or firm of certified public accountants to perform an audit of the fund at least annually.  The municipality may pay the entire cost of an audit.  If not paid by the municipality, the cost may be paid from the assets of the fund.
Sec. 12.08. CIVIL ACTIONS FOR MONEY WRONGFULLY PAID OUT OR OBTAINED.  The board of trustees may recover by civil action from any offending party or from the party's sureties, if any, any money paid out or obtained from the fund through fraud, misrepresentation, defalcation, theft, embezzlement, or misapplication and may institute, conduct, and maintain the action in the name of the board of trustees for the use and benefit of the fund.