The council shall provide for an independent annual audit of all financial records and transactions of the municipality and any agency funded in whole by municipal funds and may provide for more frequent audits as it deems necessary. Special audits may be provided for any agency receiving municipal funds as the municipality deems necessary. Such audits shall be made by a certified public accountant or public accountant or firm of such accountants who have no personal interest, direct or indirect, in the fiscal affairs of the municipal government or any of its officers. The council may, without requiring competitive bids, designate such accountant or firm annually or for a period not exceeding four years, provided, that the designation for any particular fiscal year shall be made no later than thirty days after the beginning of such fiscal year. The report of the audit shall be made available for public inspection. The council may in its discretion accept independent audits of municipal agencies and departments and include such audits in its general report of the audit of the municipality.
HISTORY: 1962 Code Section 47-53; 1975 (59) 692; 1977 Act No. 109.
Structure South Carolina Code of Laws
Title 5 - Municipal Corporations
Section 5-7-10. Scope of chapter.
Section 5-7-20. Form and effect of corporate name of municipality.
Section 5-7-30. Powers conferred upon municipalities; surtax for parking spaces.
Section 5-7-32. Municipal code enforcement officers; appointment; powers and duties.
Section 5-7-40. Ownership and disposition of property by municipalities.
Section 5-7-50. Municipalities' acquisition of land, easement or right-of-way by condemnation.
Section 5-7-80. Ordinances relating to upkeep of property within municipality.
Section 5-7-130. Conflict of interests of municipal officer or employee.
Section 5-7-145. Lifeguard and safety services provided by coastal municipalities.
Section 5-7-160. Powers of municipality vested in council; quorum.
Section 5-7-190. Mayor pro tempore elected from council membership.
Section 5-7-220. Appointment and duties of municipal clerk.
Section 5-7-230. Appointment or election of municipal attorney and judge of municipal court.
Section 5-7-240. Council required to provide for independent annual audit of financial records and transactions of municipality and agencies funded by municipal funds.
Section 5-7-260. Acts of municipal council which are required to be done by ordinance.
Section 5-7-270. Form and procedures for introducing and passing ordinances.
Section 5-7-280. Adoption of standard codes or technical regulations in ordinances.
Section 5-7-290. Municipal ordinances to be codified; public inspection.
Section 5-7-300. Collection of delinquent ad valorem property taxes by municipalities.
Section 5-7-310. Provisions of Section 4-9-55 apply to general laws which affect municipalities.