Texas Local Government Code Chapter 103 – Audit of Municipal Finances
Current as of: 2024 | Check for updates
|
Other versions
| § 103.001 | Annual Audit; Financial Statement |
| § 103.002 | Auditor |
| § 103.003 | Filing; Public Record |
| § 103.004 | Valuation of Certain Benefit Programs |
Terms Used In Texas Local Government Code Chapter 103 - Audit of Municipal Finances
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
- Statute: A law passed by a legislature.