(A) The governing body shall cause an audit of the municipal accounts to be made by a qualified accountant as expeditiously as possible following the close of the fiscal year. The said audit shall be completed, and the annual audit report made not later than six months after the close of the fiscal year. The accountant making the audit shall submit not less than three copies of the audit report to the governing body.
(B) All public utilities shall be audited separately, and the results of such audits shall appear separately in the annual audit report. The audit shall be in a form that is in general conformity with accepted accounting principles and shall set forth the financial position for each fund of the municipality as well as an opinion by the accountant with respect to the financial statements.
(C) Two copies of the annual audit report shall be filed with the City Clerk, and shall become a part of the public records of the City Clerk’s office, and will at all times thereafter, be open for public inspection. One copy shall be filed with the Auditor of Public Accounts; provided, that all villages of 400 population or less shall cause an audit once every three years.
(Prior Code, § 1-910)
Statutory reference:
Related provisions, see Neb. RS 19-2901 through 19-2909