7-6-4111. Annual financial statement -- exception. (1) Within 120 days after the close of each fiscal year, the city or town clerk of each city and town shall compile, in duplicate, a complete statement of the financial condition of the city or town for that fiscal year, showing:
     (a) the indebtedness of the city or town, funded and floating; the amount of each class of indebtedness; and the amount of money in the treasury subject to the payment of each class of indebtedness;
     (b) the amount of money received from taxes upon real and personal property;
     (c) the amount of money received from fines, penalties, and forfeitures;
     (d) the amount of money received from licenses;
     (e) the amount of money received from all other sources, each source and the amount received from it being shown separately;
     (f) for each fund, the amount of money, if any, on hand at the beginning of the fiscal year, the amount received, and the amount paid out during the fiscal year;
     (g) a concise description of all property owned by the city or town, with an approximate estimate of the value of it;
     (h) the rates of taxation and purposes for which taxes were levied during the fiscal year;
     (i) other information that may be required by the department of commerce.
     (2) The forms on which the statement must be made must be prescribed by the department.
     (3) This section does not apply to a city or town that has adopted the alternative accounting method provided for in Title 7, chapter 6, part 6.

     History: En. Sec. 1, Ch. 24, L. 1927; re-en. Sec. 5033.1, R.C.M. 1935; amd. Sec. 1, Ch. 19, L. 1945; amd. Sec. 48, Ch. 348, L. 1974; amd. Sec. 11, Ch. 213, L. 1975; R.C.M. 1947, 11-806(part); amd. Sec. 7, Ch. 274, L. 1981; amd. Sec. 1, Ch. 287, L. 1983; amd. Sec. 1, Ch. 44, L. 1987; amd. Sec. 40, Ch. 430, L. 1995.