15-2111. Audit
A. The governing board shall cause an annual audit to be made of the impact aid
revenue bond building fund and the impact aid revenue bond debt service fund, including
all accounts and subaccounts in the funds. A certified public accountant shall conduct
the audit within ninety days after the end of the fiscal year.
B. The governing board shall immediately file a certified copy of the audit with
the auditor general. The auditor general may make any further audits and examinations
that are considered to be necessary and take appropriate action relating to the audit or
examination pursuant to title 41, chapter 7, article 10.1. If the auditor general takes
no official action within thirty days after the audit is filed, the audit is considered
to be sufficient.
C. The governing board shall pay negotiated and approved fees and costs of the
certified public accountant and auditor general under this section from the impact aid
revenue bond debt service fund.
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