Texas Statutes (Last Updated: January 4, 2014) |
LOCAL GOVERNMENT CODE |
Title 4. FINANCES |
Subtitle A. MUNICIPAL FINANCES |
Chapter 103. AUDIT OF MUNICIPAL FINANCES |
Sec. 103.001. ANNUAL AUDIT; FINANCIAL STATEMENT
Latest version.
-
(a) A municipality shall have its records and accounts audited annually and shall have an annual financial statement prepared based on the audit.
(b) A municipality subject to Section 16.356, Water Code, must include in its financial statement a specific report on compliance with that section.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1999, 76th Leg., ch. 404, Sec. 1, eff. Sept. 1, 1999.