FINAL BILL REPORT

SSB 5142

                              C 168 L 89

BYSenate Committee on Governmental Operations (originally sponsored by Senators McCaslin, Thorsness, DeJarnatt and Rasmussen; by request of State Auditor)

Changing the year end fiscal report requirement.

Senate Committee on Governmental Operations

House Committe on Local Government

SYNOPSIS AS ENACTED

BACKGROUND:

Local taxing districts and other political subdivisions must certify and file annual financial reports with the State Auditor within 30 days after the close of each fiscal year.  The State Auditor certifies the correctness of the reports and prepares a consolidated local financial report from the data collected.

No local governments can complete their yearly transactions and verify their accuracy in such a short period of time.  According to the State Auditor, extending the deadline will not impede the audit process or timely production of the comparative statistics.

SUMMARY:

The deadline for local taxing districts and other political subdivisions to file certified annual financial reports is extended to 150 days.

The language is made gender neutral.

VOTES ON FINAL PASSAGE:

     Senate   47    0

     House 95  0

EFFECTIVE:July 23, 1989