51-2a-201. Accounting reports required.
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Effective 3/1/2017
51-2a-201. Accounting reports required.
(1)The governing board of an entity whose revenues or expenditures of all funds is $1,000,000 or more shall cause an audit to be made of its accounts by a competent certified public accountant.
(2)The governing board of an entity whose revenues or expenditures of all funds is less than $1,000,000 shall cause a financial report to be made in the manner prescribed by the state auditor.
Amended by Chapter 11 , 2017 General Session