46A-3D-4. Fiscal year--Audit--Report--Publication of notice.
The fiscal year of the water development district shall coincide with the calendar year. At the close of each year of business in which the district's revenues exceed two hundred fifty thousand dollars, the district board shall obtain an audit by the Department of Legislative Audit, or an auditor approved by the Department of Legislative Audit, of the books, records, and financial affairs of the water development district. A written report of the audit shall be kept on file in the principal place of business of the water development district and a copy of the report shall be filed in the Office of the Secretary of State. Notice of availability of the audit report shall be promptly published in the official newspapers of the water development district. A water development district with two hundred fifty thousand dollars or less in annual revenue may submit an annual report in lieu of a formal audit. The report shall be submitted to the auditor-general on forms prescribed by the Department of Legislative Audit. The auditor-general may audit the books and records of any office or officer of any water development district if it is requested by the district's board of directors or if the auditor-general finds that special reasons exist.
Source: SL 1984 (SS), ch 1, §36; SL 2012, ch 218, §1.
Structure South Dakota Codified Laws
Chapter 03D - Water Development Districts--Powers And Duties
Section 46A-3D-1 - Office of district--Employees.
Section 46A-3D-2 - Group insurance for employees.
Section 46A-3D-3 - Records required of districts--Public inspection.
Section 46A-3D-4 - Fiscal year--Audit--Report--Publication of notice.
Section 46A-3D-5 - Actions by and against boards of directors.
Section 46A-3D-6 - Contracting power of boards.
Section 46A-3D-7 - Insurance authorized.
Section 46A-3D-8 - Property acquisition and disposition.
Section 46A-3D-9 - Eminent domain.
Section 46A-3D-10 - Acceptance of funds, property, and services.
Section 46A-3D-11 - Designation of legal newspapers.
Section 46A-3D-12 - Accumulation of capital reserve fund.
Section 46A-3D-13 - Federal wildlife mitigation requirements.