Bill > SB2

This bill modifies provisions relating to financial statements for local governments, specifically counties of the first, second, third, or fourth classification. The bill updates requirements for preparing and publishing annual financial statements, which must now include: a summary of receipts and disbursements for each county fund, cash balances, delinquent taxes, outstanding warrants, bonded indebtedness, tax levies, and the name, office, and gross annual salary of each elected or appointed county official. The bill changes the publication deadline from the first Monday in March to June 30th and requires county clerks to provide an electronic copy of the financial statement data to newspapers free of charge. The legislation also introduces penalties for falsely certifying financial information, including potential misdemeanor or felony charges. Additionally, the bill updates rules for political subdivisions regarding annual financial reporting, including imposing a $500 per day fine for late submissions and providing mechanisms for reducing outstanding penalties. The changes aim to improve transparency and accountability in local government financial reporting.

Budget and Finance, Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=234