Texas Special District Local Laws Code 1030.156 – Annual Audit
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(a) The board annually shall have an audit made of the district’s financial condition.
(b) The board shall retain the services of a qualified independent certified public accounting firm to prepare the annual audit of the district’s financial condition.
Terms Used In Texas Special District Local Laws Code 1030.156
- 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.
(c) The firm shall prepare and submit the audit to the board not later than the 90th day following the close of the district’s fiscal year.
(d) The district is not subject to audit by the Frio County auditor.