Section 51-2a-201 - Accounting reports required(1) The governing board of an entity whose revenues or expenditures of all funds is $1,000,000 or more shall cause an audit to be made of its accounts by a competent certified public accountant.(2) The governing board of an entity whose revenues or expenditures of all funds is less than $1,000,000 shall cause a financial report to be made in the manner prescribed by the state auditor.Amended by Chapter 11, 2017 General Session ,§ 2, eff. 3/1/2017.Amended by Chapter 138, 2015 General Session ,§ 2, eff. 3/24/2015, op. 1/1/2014.Amended by Chapter 162, 2013 General Session ,§ 1, eff. 5/14/2013.Enacted by Chapter 206, 2004 General Session