Bill > SB00015

This bill proposes to amend existing state statutes to mandate that any organization receiving state funding must undergo an annual audit. An audit is a comprehensive financial review conducted by an independent professional to examine and verify an organization's financial records, ensuring transparency, accountability, and proper use of public funds. By requiring these annual audits, the legislation aims to increase oversight of how state money is spent by various organizations, potentially helping to prevent financial mismanagement, fraud, or inappropriate use of state resources. The bill is straightforward in its approach, simply stipulating that any entity that receives financial support from the state must submit to a yearly financial examination to continue receiving funding, which serves as a mechanism to promote fiscal responsibility and public trust in how state funds are allocated and used.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00015&which_year=2025