OK SB480

Fire protection districts must maintain current accounts of all assets, liabilities, revenues, and expenditures using the statutory basis of accounting prescribed by the State Auditor and Inspector.

Districts with revenues of $250,000 or more to their general fund during a fiscal year must order an audit within 30 days of the close of each fiscal year (July 1 - June 30).

Counties may request the State Auditor and Inspector to audit and examine any fire protection district's books located partly or wholly within their jurisdiction.

Charitable corporations providing volunteer or full-time fire departments must maintain accounting records as prescribed by the State Auditor and Inspector, and may have books audited by the State Auditor and Inspector or a certified public accountant upon county request.

The act becomes effective November 1, 2015.