BLAIR LEE III, Acting Governor                              153

(1)   THE AMOUNT REQUESTED IN THE ANNUAL BUDGET OF
THE BOARD OF SCHOOL COMMISSIONERS OF BALTIMORE CITY FOR
CURRENT EXPENSES FOR THE NEXT SCHOOL YEAR AND THAT IS TO BE
RAISED BY REVENUE FROM LOCAL SOURCES MAY NOT BE LESS THAN
THE MINIMUM AMOUNT REQUIRED TO BE LEVIED UNDER §5-202 OF
THIS TITLE.

(2)   THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY
MAY PROVIDE FUNDS THAT ARE MORE THAN THE AMOUNT REQUIRED BY
§5-20 2 OF THIS TITLE TO SUPPORT IMPROVED AND ADDITIONAL
PROGRAMS.

    (C) TAX LEVY TO MEET APPROPRIATIONS.

THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY SHALL LEVY
AND COLLECT A TAX ON THE ASSESSABLE PROPERTY OF THE CITY
WHICH, TOGETHER WITH OTHER LOCAL REVENUE AVAILABLE,
INCLUDING INCOME TAX REVENUES AND LOCAL MONEY, AND TOGETHER
WITH ESTIMATED RESERVES AND FUNDS FROM ALL SOURCES, BILL
PRODUCE THE AMOUNTS NECESSARY TO MEET THE APPROPRIATIONS
MADE IN THE APPROVED ANNUAL BUDGET OF THE BOARD OF SCHOOL
COMMISSIONERS.

REVISOR'S NOTE: This section presently appears as Art.
77, §117(g).

The only changes are in style.

5-108. ANNUAL AUDIT.

(A)   COUNTY BOARD TO PROVIDE FOR AUDIT.

EACH COUNTY BOARD SHALL PROVIDE FOR AN ANNUAL AUDIT OF
ITS FINANCIAL TRANSACTIONS AND ACCOUNTS.

(B)   CERTIFIED PUBLIC ACCOUNTANT TO CONDUCT AUDIT.

(1) THE AUDIT SHALL BE MADE BY A CERTIFIED
PUBLIC ACCOUNTANT OR A PARTNERSHIP OF CERTIFIED PUBLIC
ACCOUNTANTS WHO ARE:

(1)   ENROLLED FOR PRACTICE BY THE STATE BOARD OF
PUBLIC ACCOUNTANCY; AND

(II) APPROVED BY THE STATE SUPERINTENDENT.

(2)    THE AUDIT SHALL BE MADE IN ACCORDANCE WITH
THE STANDARDS AND REGULATIONS ADOPTED BY THE STATE BOARD.

(C)     RESULTS TO BE PUBLIC RECORD; REPORTING
REQUIREMENTS.

(1) THE RESULTS OF THE AUDIT ARE A MATTER OF
PUBLIC RECORD.

(2) THE
MONTHS AFTER THE
BOARD TO THE STATE

RESULTS SHALL BE
CLOSE OF THE FISCAL
SUPERINTENDENT AND

REPORTED WITHIN 6
YEAR FOR THE COUNTY
THE COUNTY FISCAL