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BILL AS INTRODUCED 2007-2008

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H.447

Introduced by Representatives Hutchinson of Randolph and French of Randolph

Referred to Committee on

Date:

Subject:  County government; county officers; assistant judges; financial audits

Statement of purpose:  This bill proposes to require that county financial audits be performed annually within 180 days of the close of the fiscal year.

AN ACT RELATING TO COUNTY FINANCIAL AUDITS

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  24 V.S.A. § 261(a) is amended to read:

(a)  Biennially Annually, all of the accounts of the county treasurer, including any reserve funds, shall be subject to a financial audit conducted according to the generally accepted government accounting standards as established by the federal government accounting office.  The audit shall be performed by a public accountant regulated under Title 26 and shall be conducted within four months 180 days after the close of the fiscal year being audited.  The accountant’s report shall be accompanied by a management letter containing findings and recommendations.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us