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Says government entities should be reporting
financial information |
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November 20, 2015 |
November 20, 2015
To the Editor:
Why are the financial quarterly statements
required by Idaho Code 50-1011 not being
posted by Boundary County Entities?
Idaho Code:
TITLE 50, Municipal Corporations;
Chapter 10, Finances
50-1011. Publication of financial statements --
Noncompliance. It shall be the duty
of the city treasurer to cause to be published
quarterly during each fiscal year for
at least one (1) insertion in the official
newspaper of the city, a full statement
of each separate account, fund or appropriation
for the year to date, and balances
of the debits and credits belonging thereto,
indicating salaries, capital outlay and
a percentage comparison to the original
appropriation. All published financial
statements shall include the following:
"Citizens are invited to inspect the
detailed supporting records of the above
financial statements." Such statement shall
be published within thirty (30) days from the
end of each quarter, except for the
final quarter of the fiscal year which shall be
published no later than thirty (30)
days from the date of completion of the annual
audit. Notwithstanding the above, no
one shall be precluded from making this filing
prior to the completion of an audit.
Failure upon the part of the treasurer of any
city to comply with the requirements
of this section shall be deemed a misdemeanor.
Rosanne Smith |
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