Texas Special District Local Laws Code 1109.155 – Annual Audit
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Terms Used In Texas Special District Local Laws Code 1109.155
- 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.
- Year: means 12 consecutive months. See Texas Government Code 311.005
As soon as practicable after the close of each fiscal year, the board shall have an audit made of the district’s financial condition for the fiscal year by an independent public accountant.