ARTICLE 7. Receipts, Accounts, and Audits [16601. - 16614.]
Article 7 added by Stats. 1953, Ch. 72.
§§ 16601–16614 · 14 sections
- § 16601 Receipts from the operation of a public utility shall be paid daily into the treasury of the district in a special fund set aside for such public utility.
- § 16602 The board may from time to time make appropriations from individual public utility funds for the following purposes: (a) The payment of operating expenses of…
- § 16603 Whenever a reserve fund exceeds one-half of the payment for operating expenses in the preceding fiscal year, the board may appropriate such excess to the…
- § 16604 The books of account of the district shall show all of the following: (a) The true and complete financial results of the ownership and operation of each public…
- § 16605 The accounts of the district shall be examined at least once a year by an expert accountant, who shall report to the directors the result of his examination.…
- § 16606 Every two years the board may, and upon petition of 15 percent of the electors of the district shall, employ a qualified expert who shall with all due…
- § 16607 The expense of employing an expert shall not exceed fifteen thousand dollars ($15,000) at any one time, to be paid out of the income and revenues of the…
- § 16608 Experts shall be selected by the Public Utilities Commission, and their names and addresses certified to the board of directors of the district. Several…
- § 16609 Whenever an expert is to be employed pursuant to Section 16606, at least four months before each biennial district election the board shall request in writing…
- § 16610 Within 10 days after receipt of a certification the board shall by resolution entered on its minutes employ the expert, or one of the experts selected and…
- § 16611 In his report the expert shall make such recommendations and suggestions as to him seem proper and required for the good of the district, the efficient and…
- § 16612 In his report the expert shall make such recommendations and suggestions as to: (a) The system of accounts kept, or in his judgment to be kept in connection…
- § 16613 The expert shall enter upon his duties at least 90 days before the next impending biennial district election, and shall complete his examination and file his…
- § 16614 The expert’s report shall be made in duplicate to the electors of the district. One copy shall be filed with the board in the office of the clerk of the…