{"data":{"id":"us-md/md.-code-local-government-16-308","jurisdiction":"us-md","citation":"Md. Code, Local Government § 16–308","heading":"","body":"(a) Each county shall adopt uniform rules and regulations for the auditing\nof the financial records of each special taxing district created by the county that:\n(1) receives money collected by the county from a county property tax\nimposed at the request of the special taxing district;\n(2) has annual expenditures exceeding $250,000; and\n(3) has money disbursed and expended independently of the county\ngovernment.\n(b) At a minimum, the rules and regulations required under subsection (a)\nof this section shall require the audit to:\n(1) be conducted by:\n(i) a certified public accountant:\n1. acting in the capacity of an independent auditor or\nan official auditor of the county; and\n2. who is in compliance with the Maryland Public\nAccountancy Act; or\n(ii) an auditing committee approved by the official auditor of\nthe county;\n(2) determine if tax funds have been received, deposited, and\ndisbursed in accordance with approved appropriations and State and local law;\n(3) include the following financial statements:\n(i) a balance sheet;\n(ii) a statement of revenues;\n(iii) a statement of expenditures and encumbrances; and\n(iv) a statement of changes in fund balance; and\n(4) be completed and filed with the appropriate county officials not\nlater than 90 days after the close of the fiscal year.\n(c) For a special taxing district that is created by the county and has annual\nexpenditures of less than $250,000, the county shall require:\n(1) an annual financial report; and\n(2) an audit every 4 years unless the county determines, on a case–\nby–case basis, that more frequent audits are required.\n(d) If a special taxing district subject to subsection (a) or (c) of this section\ndoes not file a financial report or audit report required by the county, the county may\nwithhold the distribution of taxes imposed on behalf of the special taxing district until\nthe report is received.\n(e) (1) When a county files its audit report with the Legislative Auditor\nas required by § 16–306 of this subtitle, the county also shall submit:\n(i) a copy of each financial report and audit report received\nfrom each special taxing district subject to subsection (a) or (c) of this section; and\n(ii) a report on the results of the county’s review of each special\ntaxing district’s compliance with this section.\n(2) The Legislative Auditor shall:\n(i) review the financial reports, audit reports, and other\ninformation received from each county; and\n(ii) submit recommendations as appropriate based on the\nresults of the review.","path":["Article - Local Government"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg\u0026section=16-308","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:58Z","sha256":"639253fd2b10eb1248073fa384f7f48ac3d45a66749c6b07b4bcf388975b6d74","source_id":"us-md","stale":false,"prev":"us-md/md.-code-local-government-16-307","next":"us-md/md.-code-local-government-16-309"},"notice":"GroundRules: Original legal text. Not legal advice."}