(1) The lake authority shall, within 180 days after the end of the lake authority’s fiscal year, file a copy of the audit report with the county auditor and the state auditor.

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Terms Used In Utah Code 11-65-605

  • 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.
  • Lake authority: means the Utah Lake Authority, created in Section 11-65-201. See Utah Code 11-65-101
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) Each audit report under Subsection (1) shall include:

     (2)(a) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the lake authority’s projects; and
     (2)(b) the actual amount expended for:

          (2)(b)(i) acquisition of property;
          (2)(b)(ii) site improvements or site preparation costs;
          (2)(b)(iii) installation of public utilities or other public improvements; and
          (2)(b)(iv) administrative costs of the lake authority.