Within thirty days of the receipt of the registered or certified notice of the filing of a petition for the disorganization of a county, the state auditor shall make and complete an audit of the finances of the petitioning county and shall file an original and duplicate copy of the audit with the county auditor of such county. The audit shall contain:

Terms Used In North Dakota Code 11-30-03

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Property: includes property, real and personal. See North Dakota Code 1-01-49
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49

1. A statement of the taxable value of all taxable property in the county as of the last annual assessment as equalized by the state board of equalization.

2. A statement of all the assets and the liabilities of the county and any assets available for the retirement of any of said liabilities as of the date of the filing of the petition.

3. A statement for the last preceding completed fiscal year of the budget adopted, the amount of tax levied, the amount and source of revenue receipts derived, the expenditures made, and obligations incurred for each fund and purpose.

4. A statement containing such additional information as in the state auditor’s judgment is necessary to an understanding of the true financial condition of the county.

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