{"data":{"id":"us-mt/2-7-509","jurisdiction":"us-mt","citation":"2-7-509","heading":"Audits of school-related organizations -- costs -- criteria.","body":"(1) The legislative auditor may conduct or have conducted an audit of the records of organizations referred to in 2-3-203(2).\n(2) Before public funds are transferred to the organization, a member shall obtain the organization's written consent to:\n(a) the audit provided for in subsection (1); and\n(b) pay the costs of the audit.\n(3) An audit of an organization performed under this section must determine if:\n(a) the organization is carrying out only those activities or programs authorized by state law and its articles of incorporation, bylaws, and policies;\n(b) expenditures are made in furtherance of authorized activities in accordance with applicable laws and its articles of incorporation, bylaws, and policies;\n(c) the organization properly collects and accounts for all revenues and receipts arising from its activities in accordance with generally accepted accounting principles;\n(d) the assets of the organization or the assets in its custody are adequately safeguarded and are controlled and used in an efficient manner; and\n(e) reports and financial statements fully disclose the nature and scope of the activities conducted and provide a proper basis for evaluating the operations of the organization.","path":["TITLE 2. GOVERNMENT STRUCTURE AND ADMINISTRATION","CHAPTER 7. STUDIES, REPORTS, AND AUDITS","Part 5. Audits of Political Subdivisions"],"source_url":"https://mca.legmt.gov/bills/mca/title_0020/chapter_0070/part_0050/section_0090/0020-0070-0050-0090.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:42:48Z","sha256":"1ab77933d638926c55ab41bfb6865c54716fb6b071a5bfc3bc78e7185d74bf87","source_id":"us-mt","stale":false,"prev":"us-mt/2-7-508","next":"us-mt/2-7-510"},"notice":"GroundRules: Original legal text. Not legal advice."}