Texas Special District Local Laws Code 1039.156 – Annual Audit
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(a) As soon as practicable after the end of each district fiscal year, the board shall have an audit made of the district’s finances that contains a detailed accounting of disbursements.
(b) The board shall select a qualified independent accounting firm to perform the audit.
Terms Used In Texas Special District Local Laws Code 1039.156
- 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.