Section 7-21-18.1 - Unreserved, undesignated general fund balance--Limitation--Publication--Report. - South Dakota Statutes

7-21-18.1. Unreserved, undesignated general fund balance--Limitation--Publication--Report. The total unreserved, undesignated fund balance of the general fund may not exceed forty percent of the total amount of all general fund appropriations contained in the budget for the next fiscal year. The total unreserved, undesignated fund balance of the general fund of the county as of March thirty-first and September thirtieth shall be published in the minutes of the proceedings of the board of county commissioners and reported to the Department of Legislative Audit. The report shall be on forms prescribed by the Department of Legislative Audit.

Source: SL 1981, ch 56, § 2; SL 2004, ch 70, § 1.