Maryland Code, EDUCATION 5-109
Terms Used In Maryland Code, EDUCATION 5-109
- County: means a county of the State or Baltimore City. See
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- including: means includes or including by way of illustration and not by way of limitation. See
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(2) At the request of the Department, a county board shall conduct an audit under § 5-203 of this title.
(b) (1) The audit shall be made by a certified public accountant or a partnership of certified public accountants who are:
(i) Licensed by the State Board of Public Accountancy; and
(ii) Approved by the State Superintendent.
(2) The audit shall be made in accordance with the standards and regulations adopted by the State Board.
(c) (1) The results of the audit, including the letter of recommendation submitted by the auditor, are a matter of public record.
(2) The results shall be reported within 3 months after the close of the fiscal year for the county board on the form and in the manner required by the State Board to:
(i) The State Superintendent;
(ii) The county fiscal authority;
(iii) The Joint Audit and Evaluation Committee of the General Assembly;
(iv) The Senate Budget and Taxation Committee;
(v) The Senate Education, Health, and Environmental Affairs Committee;
(vi) The House Appropriations Committee; and
(vii) The House Committee on Ways and Means.
(d) In addition to the audit required by this section, the county commissioners or county council may conduct an audit using auditors employed by the county.