Skip to main content
Find a Lawyer

Utah Code Title 53G. Public Education System--Local Administration § 53G-4-404. Annual financial report--Audit report

Current as of January 01, 2025 | Updated by Findlaw Staff

(1)(a) The annual financial report of each school district, containing items required by law or by the state board and attested to by independent auditors, shall be prepared as required by Section 51-2a-201.

(b) A school district shall use fund and program accounting methods and standardized account codes capable of producing financial reports that comply with:

(i) generally accepted accounting principles;

(ii) financial reporting requirements established by the state board under Section 53E-3-501; and

(iii) accounting report standards established by the state auditor as described in Section 51-2a-301.

(2) If auditors are employed under Section 51-2a-201, the auditors shall complete their field work in sufficient time to allow them to verify necessary audit adjustments included in the annual financial report to the state superintendent.

(3)(a)(i) The district shall forward the annual financial report to the state superintendent not later than October 1.

(ii) The report shall include information to enable the state superintendent to complete the statement of funds required under Section 53E-1-203.

(b) The state board shall publish electronically a copy of the report on the Internet not later than January 15.

(4) The completed audit report shall be delivered to the school district local school board and the state superintendent not later than November 30 of each year.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Utah Code Title 53G. Public Education System--Local Administration § 53G-4-404. Annual financial report--Audit report - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-53g-public-education-system-local-administration/ut-code-sect-53g-4-404/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard