§ 45-10-1. Power to petition for installation of system. The electors of any town or city qualified to vote on a proposition to impose a tax, or any town or city council, when legally assembled, may, by vote, petition the state director of revenue for the installation of an accounting system for the town or […]
§ 45-10-10. Delivery of records to auditors. The town or city treasurer or any other person or persons that may have custody of any accounts or other records described in § 45-10-9 shall, on demand of the person or persons authorized by § 45-10-4 to make post audit, deliver to that person or persons for […]
§ 45-10-11. Compelling attendance of witnesses and production of records. The director of revenue, at the request of the person or persons authorized by § 45-10-4 to make a post audit, may summon and compel the attendance of witnesses for examination under oath, and may compel the production of accounts and records described in § […]
§ 45-10-12. Withholding of funds due towns failing to file reports. Whenever any town or city fails to file a duplicate copy of the audit report as required in § 45-10-5 within the time required by that section, or files a report that does not fully comply with the requirements of §§ 45-10-5 and 45-10-6, […]
§ 45-10-13. Costs of audits, installation of accounting systems, or other assistance. Each town or city for which an audit has been made, a system of accounting installed, or clerical or other assistance furnished, under the provisions of this chapter, shall pay to the general treasurer a sum equal to the actual cost to the […]
§ 45-10-14. Appropriations and disbursements. The general assembly shall annually appropriate any sums that it deems necessary for the purpose of carrying out the provisions of this chapter, and the state director of revenue is authorized and directed to draw his or her orders upon the general treasurer for the payment of these sums or […]
§ 45-10-15. Compliance with requirements of “governmental accounting standards board (GASB)” pension funding. For any audit year in which a municipality contributes materially less than 100% of the annual required contribution to its pension plan(s) as reported in accordance with GASB statement 27 or any successor statement, the municipality shall submit to the auditor general […]
§ 45-10-16. Advisory council on municipal finances. (a) In order to strengthen the fiscal accountability of cities, towns and municipalities in Rhode Island an advisory council on municipal finances is hereby formed. The council is composed of five (5) members as follows: (1) The auditor general of the state of Rhode Island or his or […]
§ 45-10-2. Certification of vote to install system — Installation. Upon the passage of the vote petitioning the state director of revenue for the installation of a system of accounting as provided in § 45-10-1, the town or city clerk or any other person so authorized in that vote shall immediately forward by registered or […]
§ 45-10-3. Assistance in operation of system. Whenever a system of accounting has been installed under the provisions of this chapter, the town or city council of the municipality in which the system is installed may request the assistance of the state director of revenue in the operation of the system, and the state director […]
§ 45-10-4. Annual post audit required. Each municipality and regional school district in the state, prior to the close of the fiscal year, shall retain the services of one or more independent certified public accountants holding a certificate from the state of Rhode Island, or from any other state with whom the state board of […]
§ 45-10-5. Filing of audit report. The accountants making the post audit required by § 45-10-4 shall submit a report on their examination of the financial statements to the city or town audited, and the town or city clerk of the city or town shall file duplicate copies of the post audit with the state […]
§ 45-10-5.1. Uniform accounting procedures. The office of the auditor general of the state of Rhode Island shall prescribe and supervise the application of uniform accounting principles and financial reporting to follow the guidelines established by the governmental accounting standards board and the American Institute of Certified Public Accountants. The auditor general shall supervise compliance […]
§ 45-10-5.2. Failure to file audit report. (a) If the municipality fails to comply with the provisions of this chapter by filing the audit report as required under this chapter, the auditor general, in his or her discretion, is authorized to provide for the completion of the audit. In that event, the auditors and/or the […]
§ 45-10-5.3. Failure to file audit report — Enforcement and penalty. (a) Failure to file the duplicate audit report as prescribed in § 45-10-4 shall result in a sanction being imposed equal to ten thousand dollars ($10,000) per month or a monthly sanction equal to one-twelfth (1/12) of the product of one percent (1%) of […]
§ 45-10-6. Contents of audit report. The audit report referred to in this chapter shall include for each fund of the city or town and for each public industry maintained or operated by the city or town: (1) Financial statements for the fiscal year prepared in accordance with the reporting requirements prescribed in § 45-10-5.1, […]
§ 45-10-6.1. Corrective action plan. If the auditor conducting the post audit expresses an opinion on the financial statements of a municipality or school district that is other than unqualified, the chief finance officer of the municipality or school district shall submit a detailed corrective action plan and timetable, which addresses the issue(s) which caused […]
§ 45-10-7. Expenses of post audit. The cost and expenses of the post audit shall be borne by each city and town. History of Section.G.L. 1938, ch. 347, § 1; P.L. 1955, ch. 3414, § 1; G.L. 1956, § 45-10-7; P.L. 1979, ch. 274, § 2.
§ 45-10-8. Notice of engagement of accountants — Failure to provide notice of engagement to director of revenue. Notice of the engagement of the certified public accountant or accountants pursuant to § 45-10-4, shall be mailed by the city or town clerk to the director of revenue and the auditor general by registered or certified […]
§ 45-10-9. Access of auditors to records. In order to carry out the purpose of this chapter, the certified public accountant or accountants shall have access to all of the municipality’s books of account, tax warrant books, tax bills, receipts, vouchers, check books, cancelled checks, correspondence, bank books, documents, records, and all other information directly […]
