§ 12-15. Delay in submission of required detailed statement and audited financial report.  


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  • The Chief Administrative Officer shall, by no later than November 15 of each year, notify the Council of any anticipated delay in the timely submission of the detailed statement and the audited financial report required by Code of Virginia, §§ 15.2-2510 and 15.2-2511. In addition, whenever such detailed statement or such audited financial report is not submitted to the Auditor of Public Accounts or to the Council by the deadlines set forth in Code of Virginia, §§ 15.2-2510 and 15.2-2511, the Chief Administrative Officer shall provide the Council with a report concerning the following within 30 days after such detailed statement and such audited financial report have been submitted to the Council:

    (1)

    The issues, causes or events that resulted in a delay in the submission of the detailed statement or audited financial report by the deadlines set forth in Code of Virginia, §§ 15.2-2510 and 15.2-2511.

    (2)

    A summary of the audit findings identified in the audited financial report.

    (3)

    The details concerning a corrective action plan for ensuring that delays in the timely submission of the detailed statement or audited financial report by the deadlines set forth in Code of Virginia, §§ 15.2-2510 and 15.2-2511 do not occur in the future.

    (4)

    A schedule of activities and critical benchmarks to ensure the timely submission of the detailed statement and audited financial report by the deadlines set forth in Code of Virginia, §§ 15.2-2510 and 15.2-2511.

    (5)

    A description of any additional resources necessary to facilitate the timely submission of the detailed statement and audited financial report by the deadlines set forth in Code of Virginia, §§ 15.2-2510 and 15.2-2511.

    (Ord. No. 2015-89-70, § 1, 4-27-2015)

(Ord. No. 2015-89-70, § 1, 4-27-2015)