§ 101855.4. — 101855.4. (Added by Stats. 2024, Ch. 676, Sec. 2.)

California § 101855.4.

• Jurisdiction: California
• Code HSC: Health and Safety Code - HSC
• Div. 101.: DIVISION 101. ADMINISTRATION OF PUBLIC HEALTH
• Part 4.: PART 4. SPECIAL HEALTH AUTHORITIES
• Ch. 5.5.: CHAPTER 5.5. Kern County Hospital Authority Act
• Art. 4.: ARTICLE 4. Powers and Duties of the Authority

Text

(a)
The authority shall maintain accounting records and shall report accounting transactions in accordance with generally accepted accounting principles adopted by the Governmental Accounting Standards Board of the Financial Accounting Foundation.
(b)
The Kern Medical Center Foundation shall maintain accounting records and shall report accounting transactions in accordance with generally accepted accounting principles published and maintained by the Financial Accounting Standards Board.
(c)
At least once every 12 months, the authority shall engage the services of a qualified accountant of accepted reputation to conduct a financial audit of the accounts and records of both the
authority and the Kern Medical Center Foundation, and the authority shall prepare a report of the audit. Any financial audit conducted pursuant to this subdivision shall conform to generally accepted government auditing standards and shall follow principles adopted by the Governmental Accounting Standards Board of the Financial Accounting Foundation. The authority shall make copies of the audit reports available to the public on the authority’s internet website.

Legislative History

Added by Stats. 2024, Ch. 676, Sec. 2. (AB 892) Effective January 1, 2025.