ARIZONA HOUSE OF REPRESENTATIVES Fifty-fifth Legislature First Regular Session
	Senate: GOV DPA 5-3-0-0 | 3^rd Read 18-12-0-0 House: GE DP 7-6-0-0

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SB 1074: local governments; audits; public meeting

Sponsor:  Senator Livingston, LD 22

Caucus & COW

Overview

Requires the certified public accountant (CPA) or auditor to present audit results to certain members within 90 days after a statutory audit.

History

Each incorporated city or town must have an audit completed by a CPA who is not an employee of the city or town.  These audits must be made each fiscal year for incorporated cities and at least once every two fiscal years for all incorporated towns.  Additionally, the audit is required to include financial transactions during both fiscal years (A.R.S. § 9-481).

Current statute requires the financial statements filed with the auditor general to be posted in a prominent location on the official website of the county or community college district no later than seven business days after the filing of the financial statements.  These financial statements must be retained and accessible in a prominent location on the county or community college district's website for at least 60 months (A.R.S. §§ 11-661, 15-1473).

Provisions

1. Directs each of the following, within 90 days after completing a statutorily required audit, to require the CPA or auditor who performed the audit to present the results and any findings to the following in a regular meeting without the use of a consent agenda:

a) The governing body of a city or town;

b) The county board of supervisors; and

c) The community college district board of directors. (Sec. 1-3)

2. Makes technical changes. (Sec. 1-3)

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6.                   SB 1074

7. Initials SJ  Page 0 Caucus & COW

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