The annual comprehensive financial report, audits of state agencies, reports, financial audits, and petitions; and to provide for retroactive application.
Impact
The legislation is expected to have a significant impact on state laws by enhancing the auditing responsibilities of the state auditor and ensuring that audits are conducted with greater regularity. This encompasses both comprehensive annual financial reports and the audits of different political subdivisions such as counties, cities, and school districts. By ensuring these reports are accurate and submitted in a timely fashion, SB2180 aims to prevent financial irregularities and improve the overall fiscal health of government operations. The retroactive application of certain provisions also implies that the bill intends to address prior issues effectively, highlighting a commitment to rectifying past financial oversights.
Summary
Senate Bill No. 2180 focuses on enhancing the oversight and accountability of financial operations within various government entities in North Dakota. The bill amends existing sections of the North Dakota Century Code to streamline the auditing process of state agencies and political subdivisions. It mandates that audits be performed more frequently and under stricter guidelines, ensuring that financial transactions are transparent and that state money is managed appropriately. This is intended to bolster public confidence in government financial management and enhance accountability within state operations.
Sentiment
Overall sentiment towards SB2180 appears to be supportive among legislators, as evidenced by the strong voting record—89 yeas to 4 nays during its second reading in the House. The backing from a diverse group indicates a collective recognition of the need for improved financial diligence and reporting. However, there may be concerns among some entities regarding the additional burdens that increased audit frequency and costs could impose on smaller political subdivisions, igniting a dialogue about resource allocation and compliance challenges.
Contention
While the primary focus of SB2180 is on enhancing financial auditing, notable points of contention may arise regarding the potential costs associated with the implementation of the new audit requirements. Some legislators raised concerns about whether smaller political subdivisions could bear the financial implications of increased audits and effective oversight. The balance between ensuring rigorous financial accountability and maintaining manageable operational costs for local governments will likely be a critical topic as the bill's provisions are put into practice.
Relative to the legislative auditor, requires the auditor to provide for certain notifications of noncompliant auditees and requires auditees to designate an individual to file reports with the auditor and notify the auditor
State Auditor's volunteer firefighter working group recommendation; relief association special fund asset or liability threshold increased for required annual financial report and audited financial statements.