Montana § 2-7-509 Audits Of School-Related Organizations -- Costs -- Criteria

Montana Statutes

§ 2-7-509 — Audits Of School-Related Organizations -- Costs -- Criteria

Montana § 2-7-509

Title 2GOVERNMENT STRUCTURE AND ADMINISTRATION

Ch. 7STUDIES, REPORTS, AND AUDITS

Part 5Audits of Political Subdivisions

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Bluebook

Mont. Code Ann. § 2-7-509 (2026).

Text

2-7-509 . Audits of school-related organizations -- costs -- criteria.

(1)The legislative auditor may conduct or have conducted an audit of the records of organizations referred to in 2-3-203 (2).

(2)Before public funds are transferred to the organization, a member shall obtain the organization's written consent to:

(a)the audit provided for in subsection (1); and

(b)pay the costs of the audit.

(3)An audit of an organization performed under this section must determine if:

(a)the organization is carrying out only those activities or programs authorized by state law and its articles of incorporation, bylaws, and policies;

(b)expenditures are made in furtherance of authorized activities in accordance with applicable laws and its articles of incorporation, bylaws, and policies;

(c)the

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2-7-509 . Audits of school-related organizations -- costs -- criteria. (1) The legislative auditor may conduct or have conducted an audit of the records of organizations referred to in 2-3-203 (2).
(2) Before public funds are transferred to the organization, a member shall obtain the organization's written consent to:
(a) the audit provided for in subsection (1); and
(b) pay the costs of the audit.
(3) An audit of an organization performed under this section must determine if:
(a) the organization is carrying out only those activities or programs authorized by state law and its articles of incorporation, bylaws, and policies;
(b) expenditures are made in furtherance of authorized activities in accordance with applicable laws and its articles of incorporation, bylaws, and policies;
(c) the organization properly collects and accounts for all revenues and receipts arising from its activities in accordance with generally accepted accounting principles;
(d) the assets of the organization or the assets in its custody are adequately safeguarded and are controlled and used in an efficient manner; and
(e) reports and financial statements fully disclose the nature and scope of the activities conducted and provide a proper basis for evaluating the operations of the organization.