Annual financial report.

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  • (1) The town clerk or other designated person shall prepare and present to the council:
    • (a)
      • (i) a quarterly financial report; or
      • (ii) upon request by the council, a financial report more frequently than each quarter; and
    • (b) an annual financial report within 180 days after the close of each fiscal year.
  • (2) The requirement described in Subsection (1)(b) may be satisfied by an audit report or annual financial report of an independent auditor.




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