(1) The finance officer of each county, within 180 days after the close of each fiscal period, or, for a county that has adopted a fiscal period that is a biennial period, within 180 days after both the midpoint and the close of the fiscal period, except as provided by Section 17-63-604, shall prepare and make available to the governing body an annual financial report that shall contain: (a) a statement of revenues and expenditures and a comparison with the budget of the county general fund, similar statements of all other funds for which budgets are required, and statements of revenues and expenditures or of income and expense for all other operating funds of the county; (b) a balance sheet of each fund and a combined balance sheet of all funds as of: (i) for a county that has adopted a fiscal period that is a biennial period, the midpoint and the close of the fiscal period; and (ii) for each other county, the close of the fiscal period; or (c) any other reports the governing body may require, including work performance data, tax levies, taxable values, details of bonded indebtedness, and historical facts of interest to the governing body and the public. (2) Copies of the annual report shall be furnished to the state auditor and made a matter of public record in the office of the finance officer. (3) The statement of revenues and expenditures described in Subsection (1)(a) shall specifically identify when revenue is restricted for only statutorily authorized expenditures, including: (a) transient room tax, according to the expenditure authorizations described in Section 17-78-702; and (b) tourism, recreation, cultural, convention, and airport facilities tax, according to the expenditure authorizations described in Sections 59-12-602 and 59-12-603. (4) The state auditor: (a) shall review a county's annual report as described in Section 17E-2-403; and (b) may take any action authorized in Section 17E-2-403. Renumbered and Amended by Chapter 13, 2025 Special Session 1
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