The finance officer of each county, within 180 days after the close of each fiscal period, or, for a county that has adopted a fiscal period that is a biennial period, within 180 days after both the midpoint and the close of the fiscal period, except as provided by Section 17-36-38, shall prepare and make available to the governing body an annual financial report that shall contain:
Terms Used In Utah Code 17-36-37
Budget: means a plan for financial operations for a fiscal period, embodying estimates for proposed expenditures for given purposes and the means of financing the expenditures. See Utah Code 17-36-3
Finance officer: means :
(a)
the county auditor or the person selected to provide accounting services for the county in accordance with Section 17-19a-205; or
(b)
notwithstanding Subsection (13)(a), for the purposes of preparing a tentative budget in a county operating under a county executive-council form of county government, the county executive. See Utah Code 17-36-3
Fiscal period: means the annual or biennial period for recording county fiscal operations. See Utah Code 17-36-3
Fund: means an independent fiscal and accounting entity comprised of a sum of money or other resources segregated for a specific purpose or objective. See Utah Code 17-36-3
General fund: is a s defined by the Governmental Accounting Standards Board as reflected in the Uniform Accounting Manual for All Local Governments prepared by the Office of the Utah State Auditor. See Utah Code 17-36-3
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
(a)
a statement of revenues and expenditures and a comparison with the budget of the county general fund, similar statements of all other funds for which budgets are required, and statements of revenues and expenditures or of income and expense for all other operating funds of the county;
(b)
a balance sheet of each fund and a combined balance sheet of all funds as of:
(i)
for a county that has adopted a fiscal period that is a biennial period, the midpoint and the close of the fiscal period; and
(ii)
for each other county, the close of the fiscal period; or
(c)
any other reports the governing body may require, including work performance data, tax levies, taxable values, details of bonded indebtedness, and historical facts of interest to the governing body and the public.
(2)
Copies of the annual report shall be furnished to the state auditor and made a matter of public record in the office of the finance officer.
