2014 South Dakota Codified Laws
Title 46A - WATER MANAGEMENT
Chapter 03D - Water Development Districts--Powers And Duties
§ 46A-3D-4 Fiscal year--Audit--Report--Publication of notice.

46A-3D-4. Fiscal year--Audit--Report--Publication of notice. The fiscal year of the water development district shall coincide with the calendar year. At the close of each year of business in which the district's revenues exceed two hundred fifty thousand dollars, the district board shall obtain an audit by the Department of Legislative Audit, or an auditor approved by the Department of Legislative Audit, of the books, records, and financial affairs of the water development district. A written report of the audit shall be kept on file in the principal place of business of the water development district and a copy of the report shall be filed in the Office of the Secretary of State. Notice of availability of the audit report shall be promptly published in the official newspapers of the water development district. A water development district with two hundred fifty thousand dollars or less in annual revenue may submit an annual report in lieu of a formal audit. The report shall be submitted to the auditor-general on forms prescribed by the Department of Legislative Audit. The auditor-general may audit the books and records of any office or officer of any water development district if it is requested by the district's board of directors or if the auditor-general finds that special reasons exist.

Source: SL 1984 (SS), ch 1, § 36; SL 2012, ch 218, § 1.