(a) The board annually shall have an independent audit made of the district’s books and records for the fiscal year.
(b) The audit shall be open to inspection during regular business hours at the district’s principal office.

Terms Used In Texas Special District Local Laws Code 1040.154

  • 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.