HB443 Alabama 2021 Session

Updated Apr 18, 2021

House Bill

Expired

Current Status

Regular Session 2021

Session

Summary

Primary Sponsor: Prince ChestnutRepresentative
Democrat
Co-Sponsors: Kelvin Lawrence Jeff Sorrells Debbie Wood
Session: Regular Session 2021
Title: Municipalities, Chestnut Accountability Municipal Audit Clarification Act, requiring annual, biennial audit for certain municipalities, annual report in lieu of audit for certain municipalities, Sec. 11-43-85 am'd.
Description: Under existing law, the mayor of a city or town, at least once a year, is required to appoint an independent public accountant or the Department of Examiners of Public Accounts to conduct an examination of all books and accounts of the city or town since the preceding examination and to make a full report of the audit to the city council upon completion of the report.
In lieu of the existing requirements, this bill would require the mayor or city manager of a municipality with certain annual expenditures to cause to be conducted an annual or biennial audit of the financial affairs and transactions of the municipality and to make an annual or biennial report of the audit to the city council upon completion of the report.
This bill would also permit the mayor or city manager of a municipality with certain annual expenditures to provide a report of agreed upon procedures in lieu of a biennial audit report.
Subjects: Municipalities