11-13-528. Annual financial reports — Audit reports.
| (1) |
Within 180 days after the close of each fiscal year, the interlocal entity shall prepare an annual financial report in conformity with generally accepted accounting principles as prescribed in the Uniform Accounting Manual of the Utah State Auditor. |
Terms Used In Utah Code 11-13-528
- Generally accepted accounting principles: means the accounting principles and standards promulgated from time to time by authoritative bodies in the United States. See Utah Code 11-13-501
- Interlocal entity: includes a governmental nonprofit corporation, as that term is defined in Section 11-13a-102. See Utah Code 11-13-501
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (2) |
The requirement under Subsection (1) may be satisfied by presentation of the audit report furnished by the auditor. |
| (3) |
The interlocal entity shall:
| (a) |
file copies of the annual financial report or the audit report furnished by the auditor with the state auditor; and |
| (b) |
maintain the report as a public document in the interlocal entity office. |
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Enacted by Chapter 265, 2015 General Session
