Bill Text: MN HF2881 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Hennepin County; financial statement and audit requirements modified.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-03-14 - Introduction and first reading, referred to Government Operations and Elections [HF2881 Detail]
Download: Minnesota-2011-HF2881-Introduced.html
1.2relating to Hennepin County; modifying requirements for financial statements
1.3and audits;amending Minnesota Statutes 2010, section 383B.119, subdivisions
1.41, 3.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2010, section 383B.119, subdivision 1, is amended to
1.7read:
1.8 Subdivision 1. Financial statements.Annually In accordance of the provisions
1.9of section 375.17, subdivision 1, the board of commissioners shall cause to be prepared
1.10a financial report, including financial statements for all of the funds of the county of
1.11Hennepin prepared in accordance with generally accepted accounting principles.
1.12 Sec. 2. Minnesota Statutes 2010, section 383B.119, subdivision 3, is amended to read:
1.13 Subd. 3. Publication and distribution.The board of commissioners shall publish
1.14the annual financial statements in accordance with the requirements of section
375.17.
1.15Notwithstanding the requirements of section 375.17, subdivision 3, the board shall publish
1.16annual financial statements in a qualified newspaper of general circulation in the county
1.17or on the county's Web site. If the county posts the financial statement on the county's
1.18Web site, it must be easily identifiable to the general public and the county must maintain
1.19it there for at least 12 months from the date of the initial posting or until a more recent
1.20financial statement is published on the Web site. The annual audited financial statements
1.21shall be made available for public inspection upon request.
1.3and audits;amending Minnesota Statutes 2010, section 383B.119, subdivisions
1.41, 3.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2010, section 383B.119, subdivision 1, is amended to
1.7read:
1.8 Subdivision 1. Financial statements.
1.9of section 375.17, subdivision 1, the board of commissioners shall cause to be prepared
1.10a financial report, including financial statements for all of the funds of the county of
1.11Hennepin prepared in accordance with generally accepted accounting principles.
1.12 Sec. 2. Minnesota Statutes 2010, section 383B.119, subdivision 3, is amended to read:
1.13 Subd. 3. Publication and distribution.
1.14
1.15Notwithstanding the requirements of section 375.17, subdivision 3, the board shall publish
1.16annual financial statements in a qualified newspaper of general circulation in the county
1.17or on the county's Web site. If the county posts the financial statement on the county's
1.18Web site, it must be easily identifiable to the general public and the county must maintain
1.19it there for at least 12 months from the date of the initial posting or until a more recent
1.20financial statement is published on the Web site. The annual audited financial statements
1.21shall be made available for public inspection upon request.
