Section 129 – Annual financial report.

• (1) The town clerk or other designated person shall prepare and present to the council:
  • (a)
    • (i) a quarterly financial report; or
    • (ii) upon request by the council, a financial report more frequently than each quarter; and
  • (b) an annual financial report within 180 days after the close of each fiscal year.

• (2) The requirement described in Subsection (1)(b) may be satisfied by an audit report or annual financial report of an independent auditor.

Amended by Chapter 353, 2016 General Session