Texas Water Code 49.191 – Duty to Audit
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(a) The board shall have the district‘s fiscal accounts and records audited annually at the expense of the district.
(b) In all areas of conflict, the provisions of this subchapter shall take precedence over all prior statutory enactments.
Terms Used In Texas Water Code 49.191
- Board: means the governing body of a district. See Texas Water Code 49.001
- District: means any district or authority created by authority of either Sections Texas Water Code 49.001
- 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.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) The person who performs the audit shall be a certified public accountant or public accountant holding a permit from the Texas State Board of Public Accountancy.
(d) The audit required by this section shall be completed within 120 days after the close of the district’s fiscal year.