Section 46A-7A-155 - Adoption of budget--Audit of accounts--Filing budget and audit. - South Dakota Statutes

46A-7A-155. Adoption of budget--Audit of accounts--Filing budget and audit. After hearing all testimony on a proposed budget, the president of the board shall close the public hearing and continue the meeting as a meeting of the board. The board shall consider the testimony it has received on its proposed budget, make any changes in the proposed budget, and adopt the budget as finally fixed for the next fiscal year. The board shall employ an independent firm of certified public accountants to make an annual audit of its accounts. A copy of the adopted budget and a copy of the latest annual audit shall be filed with the state board prior to the end of the fiscal year.

Source: SL 1985, ch 360, § 155.