Rhode Island General Laws 42-64.10-9. Reporting
The corporation shall submit to the governor, the president of the senate, the speaker of the house, and the chief elected official of the towns of North Kingstown, East Greenwich, and Jamestown, and of any other town or city in which the corporations owns or manages real property, within six (6) months after the close of its fiscal year, a complete and detailed report setting forth: (a) its operations and accomplishments; (b) its receipts and expenditures during the fiscal year in accordance with the categories and classifications established by the corporation for its operating and capital outlay purposes including a listing of all private consultants engaged by the corporation on a contract basis and a statement of the total amount paid to each private consultant; (c) its assets and liabilities at the end of its fiscal year including a schedule of its leases and mortgages and the status of the reserve, special or other funds; and (d) its strategic plan and operating plan for the current fiscal year and proposed for the next fiscal year; and (e) a general statement of needs and opportunities relevant to its purposes. The reports required by subsections (b) and (c) of this section shall be prepared by independent certified public accountants in accordance with generally accepted principles of accounting.
History of Section.
P.L. 2004, ch. 351, § 3; P.L. 2004, ch. 360, § 3.
Terms Used In Rhode Island General Laws 42-64.10-9
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means the Quonset Development Corporation. See Rhode Island General Laws 42-64.10-4
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9