CHAPTER 142
H.P. 280 - L.D. 344
An Act to Amend the Report Criteria for a Municipality's Annual Postaudit
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §5823, sub-§3, ¶A, as amended by PL 1989, c. 6; c. 9, §2; and c. 104, Pt. C, §§8 and 10, is repealed and the following enacted in its place:
A. The report must contain the following items:
(1) A management letter, if applicable;
(2) A letter of transmittal;
(3) The independent auditor's report on the financial statements; and
(4) Financial statements that contain at a minimum:
(a) A balance sheet;
(b) A statement of revenues and expenditures;
(c) A statement of budgeted revenues and expenditures versus actual revenues and expenditures; and
(d) All other financial statements required by governmental accounting and financial reporting standards.
Sec. 2. 30-A MRSA §5823, sub-§3, ¶B, as amended by PL 1989, c. 6; c. 9, §2; and c. 104, Pt. C, §§8 and 10, is further amended to read:
B. Within 30 days after the postaudit is completed, the auditor shall send to the State Auditor:
(1) A certified copy of the postaudit report, excluding the management letter; and
(2) A certified copy of the audit procedural form prescribed by the State Auditor for governmental audits.
See title page for effective date.
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