Utah § 53G-4-404 Annual financial report -- Audit report.

Utah Statutes

§ 53G-4-404 — Annual financial report -- Audit report.

Utah § 53G-4-404

Title 53GPublic Education System -- Local Administration

Ch. 53G-4School Districts

Part 53G-4-4Local School Board Powers and Miscellaneous Duties

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Bluebook

Utah Code Ann. § 53G-4-404 (2026).

Text

(1)(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.

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

(1)(b)(i) generally accepted accounting principles;

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

(1)(b)(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 adjustm

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(1) (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.
(1)(b) A school district shall use fund and program accounting methods and standardized account codes capable of producing financial reports that comply with:
(1)(b)(i) generally accepted accounting principles;
(1)(b)(ii) financial reporting requirements established by the state board under Section 53E-3-501; and
(1)(b)(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) (3)(a) (3)(a)(i) The district shall forward the annual financial report to the state superintendent not later than October 1.
(3)(a)(ii) The report shall include information to enable the state superintendent to complete the statement of funds required under Section 53E-1-203.
(3)(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.