Md. Code Regs. 14.38.01.06

Current through Register Vol. 51, No. 24, December 2, 2024

Section 14.38.01.06 - Audits of County Public Libraries

A. Audit Required. Each board of library trustees for a county public library shall have an audit made of its financial statements for each fiscal year.

B. Qualifications and Approval of Auditor. The auditor shall meet the qualifications in COMAR 13A.02.07.04B. he director of the county public library shall submit to the State State Librarian for approval, by May 1 of the fiscal year to be audited, the name of the auditor.

C. Audit Standards and Report. The auditor shall conduct the audit in accordance with the standards in COMAR 13A.02.07.04DD and the audit reporting package shall include the information in COMAR 13A.02.07.04E.

D. Submission of Report. The director of the county public library shall submit a copy of the audit reporting package to the State Librarian and appropriate county governing body by November 1 after the close of the fiscal year, except that a county having a population of more than 500,000 and having a county library agency as provided by Education Article, § 23-401(b), Annotated Code of Maryland, shall submit the audit report by January 1 after the close of the fiscal year.

E. Audits of Federal Awards. Each county public library that expends $500,000 or more in federal awards in any fiscal year shall have an audit made in accordance with COMAR 13A.02.07.05E.

F. Additional Provisions. The provisions of COMAR 13A.02.07.06E -.10 shall apply to audits conducted under this regulation.

G. Exemptions. This regulation does not apply to county public libraries which:

(1) Do not receive, account for, control, and supervise the spending of any public funds for the library;

(2) Do not prepare separate financial statements; and

(3) Are audited as a part of the county government.

Md. Code Regs. 14.38.01.06

Regulation .06 recodified from 13A.05.04.07 effective 46:17 Md. R. 727, eff. 8/26/2019