2006 Utah Code - 10-5-129 — Annual financial report.

     10-5-129.   Annual financial report.
     (1) (a) Within 180 days after the close of each fiscal year the town clerk or other delegated person shall present to the council an annual financial report.
     (b) Each annual financial report shall identify impact fee funds by the year in which they were received, the project from which the funds were collected, the capital projects for which the funds are budgeted, and the projected schedule for expenditure.
     (2) The requirement under Subsection (1)(a) to present an annual financial report may be satisfied by an audit report or annual financial report of an independent auditor.

Amended by Chapter 257, 2006 General Session