2006 Utah Code - 17A-1-443 — Annual financial reports -- Independent audit reports.

     17A-1-443.   Annual financial reports -- Independent audit reports.
     (1) (a) Within 180 days after the close of each fiscal year, the district shall prepare an annual financial report in conformity with generally accepted accounting principles as prescribed in the Uniform Accounting Manual for Special Districts.
     (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 prepare an annual financial report may be satisfied by presentation of the audit report furnished by the independent auditor.
     (3) Copies of the annual financial report or the audit report furnished by the independent auditor shall be filed with the state auditor and shall be filed as a public document in the district office.

Amended by Chapter 257, 2006 General Session