SENATE BILL REPORT
SB 5034
This analysis was prepared by non-partisan legislative staff for the use of legislative members in their deliberations. This analysis is not a part of the legislation nor does it constitute a statement of legislative intent. |
As of January 17, 2017
Title: An act relating to local government financial reports.
Brief Description: Concerning local government financial reports.
Sponsors: Senators Rivers, Takko and Dansel.
Brief History:
Committee Activity: Local Government: 1/17/17.
Brief Summary of Bill |
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SENATE COMMITTEE ON LOCAL GOVERNMENT |
Staff: Bonnie Kim (786-7316)
Background: Annual Financial Report. The State Auditor must require every local government to submit financial reports for each fiscal year. Reports must be prepared, certified, and filed with the Auditor within 150 days after the close of each fiscal year. Annual reports must contain statements of:
all collections made or receipts received by local government officers;
all uncollected accounts due the public treasury;
all expenditures and the authority for making the expenditures;
costs and income for each public service industry owned and operated by a local government;
the entire public debt of the local government, including each purpose for which an item of debt was created and any provisions made for payment;
all receipts and expenditures by any public institution;
all labor relations consultant expenditures; and
any other information required by the Auditor.
Special Purpose Districts. Special purpose districts are limited purpose local governments separate from a city, town, or county government, created to provide a limited number of public facilities or services. Statute provides for the creation of numerous different types of districts including: cemetery, diking, drainage improvement, fire protection, flood control zone, metropolitan park, mosquito, park and recreation, port, public utility, solid waste collection, water-sewer, county park and recreation service areas, and transportation benefit areas.
County treasurers are the custodian of county money and the administrator of the county's financial transactions. They may also serve as the ex officio treasurer for a district and may provide financial services to districts and other units of local government.
Summary of Bill: Allows county treasurers to prepare, certify, and file financial reports with the State Auditor if they act as the treasurer for a special purpose district with an annual revenue of less than $10,000.
Appropriation: None.
Fiscal Note: Not requested.
Creates Committee/Commission/Task Force that includes Legislative members: No.
Effective Date: Ninety days after adjournment of session in which bill is passed.
Staff Summary of Public Testimony: OTHER: This bill appears to mandate county treasurers to provide this report. There does not seem to be a prohibition against county treasurers filing the report in current statute.
Persons Testifying: OTHER: Monty Cobb, WACO.
Persons Signed In To Testify But Not Testifying: No one.