2013 Maryland Code
§ 15-115 - Powers and duties -- Financial reports.
(a) (1) The Commission shall prepare an annual financial report.
(2) The annual financial report shall:
(i) include the financial statements of the Commission; and
(ii) be certified by an independent certified public accountant.
(3) The Commission shall make the certified annual financial report available for distribution to the public.
(b) (1) After the audit is completed, the Commission shall publish a summary financial report consisting of a combined statement of revenues and expenditures for all funds:
(i) in at least one newspaper of general circulation published in Montgomery County; and
(ii) 1. in the newspapers officially designated by the Prince George’s County government as newspapers of record; or
2. in the absence of a designation of a newspaper of record, in at least one newspaper of general circulation published in Prince George’s County.
(2) The publication of the summary financial report shall carry appropriate references to the Commission’s certified annual financial report.
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