CODING: Words stricken are deletions; words underlined are additions.





                                                   HOUSE AMENDMENT

    729-114AX2-21                                  Bill No. HB 731

    Amendment No.     (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 4                                                                

 5                                           ORIGINAL STAMP BELOW

 6

 7

 8

 9

10                                                                

11  Representative(s) Sorensen offered the following:

12

13         Amendment (with title amendment) 

14         On page 11, line 26, through page 12, line 27,

15  remove from the bill:  all of said lines

16

17  and insert in lieu thereof:

18         c.  The Auditor General shall annually compile and

19  transmit to the President of the Senate, the Speaker of the

20  House of Representatives, and the Joint Legislative Auditing

21  Committee a summary of significant findings and financial

22  trends identified in audit reports or financial statements

23  submitted by audits of local governmental entities, district

24  school boards, and charter schools performed by the

25  independent certified public accountants.

26         d.  The Auditor General, for local governmental

27  entities not required to provide for an audit, shall review

28  financial statements prepared in accordance with s. 218.321

29  and submitted pursuant to subparagraph 5. If the Auditor

30  General's review discloses any indication that such financial

31  statements have not been prepared in accordance with generally

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                                                   HOUSE AMENDMENT

    729-114AX2-21                                  Bill No. HB 731

    Amendment No.     (for drafter's use only)





 1  accepted accounting principles, the Auditor General shall

 2  request that the local governmental entity provide revised

 3  financial statements that are in accordance with generally

 4  accepted accounting principles. If the Auditor General does

 5  not receive the requested revised financial statements, he or

 6  she shall notify the Department of Banking and Finance and the

 7  Legislative Auditing Committee. Any local governmental entity

 8  that fails to provide the requested financial statements in

 9  accordance with this subparagraph is subject to the penalty

10  provisions prescribed in subparagraph 11. If the Auditor

11  General, in reviewing these financial statements, identifies

12  information which indicates that the local governmental entity

13  may be in a state of financial emergency as provided in s.

14  218.503, the Auditor General shall request appropriate

15  clarification from the local governmental entity. The

16  requested clarification must be provided within 45 days after

17  the date of the request. If the Auditor General does not

18  receive the requested clarification, he or she shall notify

19  the Legislative Auditing Committee. Any local governmental

20  entity that fails to provide the requested clarification in

21  accordance with this subparagraph is subject to the penalty

22  provisions prescribed in subparagraph 11. If, after obtaining

23  the requested clarification, the Auditor General determines

24  that the local governmental entity is in a state of financial

25  emergency as provided in s. 218.503, he or she shall notify

26  the Governor and the Legislative Auditing Committee.

27         13.  In conducting a performance audit of any agency,

28  the Auditor General shall use the Agency Strategic Plan of the

29  agency in evaluating the performance of the agency.

30         Section 2.  Paragraph (d) of subsection (1) of section

31  218.32, Florida Statutes, is amended to read:

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                                                   HOUSE AMENDMENT

    729-114AX2-21                                  Bill No. HB 731

    Amendment No.     (for drafter's use only)





 1         218.32  Annual financial reports; local governmental

 2  entities.--

 3         (1)

 4         (d)  Each local governmental entity that is required to

 5  provide for an audit report in accordance with s.

 6  11.45(3)(a)5.4. must submit the annual financial report with

 7  the audit report. A copy of the audit report and annual

 8  financial report must be submitted to the department within 45

 9  days after the completion of the audit report but no later

10  than 12 months after the end of the fiscal year. All other

11  reporting entities must submit the annual financial report to

12  the department no later than April 30 of each year.

13         Section 3.  Subsection (2) of section 218.321, Florida

14  Statutes, is amended to read:

15         218.321  Annual financial statements; local

16  governmental entities.--

17         (2)  Each local governmental entity that is not

18  required to provide for an audit report in accordance with s.

19  11.45(3)(a)5.4. must complete its financial statements no

20  later than 12 months after the end of the fiscal year. The

21  financial statements must be submitted to the Auditor General

22  within 12 months after the end of the fiscal year.

23

24

25  ================ T I T L E   A M E N D M E N T ===============

26  And the title is amended as follows:

27         On page 1, line 10 after the semicolon through line 12,

28  remove from the title of the bill:  all of said lines

29

30  and insert in lieu thereof:

31         requiring the Auditor General to review

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                                                   HOUSE AMENDMENT

    729-114AX2-21                                  Bill No. HB 731

    Amendment No.     (for drafter's use only)





 1         financial statements prepared in accordance

 2         with s. 218.321, F.S.; requiring the Auditor

 3         General to request revised financial statements

 4         from a local governmental entity; requiring the

 5         Auditor General to notify the Department of

 6         Banking and Finance and the Legislative

 7         Auditing Committee when he or she does not

 8         receive the requested financial statements;

 9         requiring the Auditor General to request

10         additional information from a local

11         governmental entity when a financial emergency

12         may exist; requiring the Auditor General to

13         notify the Legislative Auditing Committee when

14         he or she does not receive the requested

15         information; requiring the Auditor General to

16         notify the Governor and the Legislative

17         Auditing Committee of a local governmental

18         entity that is in a state of financial

19         emergency; amending s. 218.32, F.S.; correcting

20         a cross reference; amending s. 218.321, F.S.;

21         correcting a cross reference; requiring certain

22         local governmental entities to submit their

23         financial statements to the Auditor General;

24         amending s. 311.07, F.S.; correcting a cross

25         reference; providing an effective date.

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