Each hospital authority created by and under this article shall ensure that an annual audit of the financial affairs, books, and records of such authority is conducted at the end of each fiscal year for the preceding year. Each hospital authority shall obtain either a certified public accountant or a firm of certified public accountants to conduct such audit. The auditor so appointed shall perform the audit in accordance with generally accepted accounting principles and shall submit a complete and final report and audit to the authority not later than 90 days after the close of the fiscal year. All audits provided for in this Code section shall be certified to and shall include, but in no way be limited to, a full and complete audit containing a balance sheet, profit and loss statement, and statement of receipts and disbursements.
History. Code 1933, § 88-1821, enacted by Ga. L. 1964, p. 499, § 1.
Structure Georgia Code
Chapter 7 - Regulation and Construction of Hospitals and Other Health Care Facilities
Article 4 - County and Municipal Hospital Authorities
§ 31-7-72. Creation of Hospital Authority in Each County and Municipality
§ 31-7-72.1. Merger of Hospital Authorities
§ 31-7-73. Creation of Additional Hospital Authority in Counties With Large Populations
§ 31-7-74. Residency Requirement; Officers; Compensation; Rules and Regulations
§ 31-7-74.2. Oath to Be Taken by Members of Hospital Authority
§ 31-7-74.4. Board Members Deemed Directors Upon Sale or Lease of Hospital
§ 31-7-75. Functions and Powers
§ 31-7-75.1. Proceeds of Sale of Hospital Held in Trust to Fund Indigent Health Care
§ 31-7-78. Issuance and Sale of Negotiable Revenue Anticipation Certificates
§ 31-7-79. Liability on Revenue Certificates; Tax Exemption
§ 31-7-80. Form and Contents of Revenue Certificates; Validity of Signatures Thereon
§ 31-7-81. Confirmation and Validation of Revenue Certificates
§ 31-7-82. Enforcement of Rights of Revenue Certificate Holders; Procedure in Event of Default
§ 31-7-83. Investment of Surplus Moneys and Moneys Received Through Issuance of Revenue Certificates
§ 31-7-85. Contracts With Political Subdivisions
§ 31-7-86. Manner of Operating Property Conveyed or Leased to Authority
§ 31-7-87. Hypothecation or Mortgaging of Purchased Hospital Facilities
§ 31-7-88. Payment of General Obligations
§ 31-7-89. Procedure for Dissolution; Disposition of Property
§ 31-7-90. Annual Report; Budget
§ 31-7-91. Required Annual Audit
§ 31-7-93. Failure to Provide for Audit
§ 31-7-94. Grants to Hospital Authorities and Rural Hospital Organizations