2017 California Code
Water Code - WAT
DIVISION 11 - IRRIGATION DISTRICTS
PART 8 - FINANCIAL ORGANIZATION
CHAPTER 1 - General Financial Provisions
ARTICLE 2 - Settlements and Statements
Section 24274.
The board, on or before its regular monthly meeting in the fourth month of its fiscal year, shall render a verified statement of the financial condition of the district showing particularly all of the following:
(a) Revenues of the next preceding year and their sources: amounts received (cash basis) or amounts received and receivable which increase the equity of the governmental unit (accrual basis).
(b) Expenditures of the next preceding year and their purposes: amounts paid (cash basis) or amounts paid and payable which decrease the equity of the governmental unit (accrual basis).
(c) The accounting method used (cash or accrual basis).
(d) A statement of the accounting method used for the preceding accounting period.
(Amended by Stats. 1985, Ch. 771, Sec. 5.)