Terms Used In Connecticut General Statutes > Chapter 111 - Municipal Auditing Act

• appointing authority: means the legislative body of a municipality or the board, committee or other governing body of such audited agency, except in any town where the authority to adopt a budget rests with a town meeting or a representative town meeting "appointing authority" means the board of finance or other board, committee or body charged with preparing the budget, or in a town that has no board of finance or other such board, committee or body, means the board of selectmen or the town council. See Connecticut General Statutes 7-391
• audit report: means the report of the independent auditor and the annual financial statements of the municipality or audited agency. See Connecticut General Statutes 7-391
• audited agency: includes each district, as defined in §. See Connecticut General Statutes 7-391
• Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. ^{Source: OCC}
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• 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.
• Fraud: Intentional deception resulting in injury to another.
• independent auditor: means a public accountant who is licensed to practice in the state of Connecticut and who meets the independence standards included in generally accepted government auditing standards. See Connecticut General Statutes 7-391
• legislative body: means : (1) As applied to unconsolidated towns, the town meeting. See Connecticut General Statutes 1-1
• municipal utility: means every Connecticut municipality or department or agency thereof, or Connecticut district, manufacturing, selling or distributing gas or electricity to be used for light, heat or power or water. See Connecticut General Statutes 7-391
• municipality: includes each town, consolidated town and city, consolidated town and borough, city and borough. See Connecticut General Statutes 7-391
• public accountant: means an individual who meets standards included in generally accepted government auditing standards for personnel performing government audits and the licensing requirements of the State Board of Accountancy. See Connecticut General Statutes 7-391
• receipts: means amounts accrued or received by a municipality, audited agency or reporting agency and reportable as revenues in accordance with generally accepted accounting principles. See Connecticut General Statutes 7-391
• reporting agency: includes each district, as defined in §. See Connecticut General Statutes 7-391
• Secretary: means the Secretary of the Office of Policy and Management. See Connecticut General Statutes 7-391