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Public Funds and Accounts | |
Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act | |
Section 201 | Accounting reports required. |
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51-2a-201. Accounting reports required. (1) The governing board of an entity whose revenues or expenditures of all funds is $350,000 or more shall cause an audit to be made of its accounts by a competent certified public accountant. (2) Unless otherwise required by the state auditor under Section 51-2a-301, the governing board of an entity whose revenues or expenditures of all funds is at least $200,000 but less than $350,000 shall cause a review to be made of its accounts by a certified public accountant. (3) Unless otherwise required by the state auditor under Section 51-2a-301, the governing board of an entity whose revenues or expenditures of all funds is at least $100,000 but less than $200,000 shall cause a compilation to be made of its accounts by a certified public accountant. (4) Unless otherwise required by the state auditor under Section 51-2a-301, the governing board of an entity whose revenues and expenditures of all funds is less than $100,000 shall cause a fiscal report to be made on forms provided by the state auditor.
Enacted by Chapter 206, 2004 General Session |
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