Quarterly financial reports

Ark. Code Ann. § 14-89-1501, under Fiscal Affairs of Municipal Improvement Districts.

Ark. Code Ann. § 14-89-1501

(a) (1) All improvement districts in any city or incorporated town in this state established for the purpose of making improvements for municipal purposes shall meet in each quarter of the calendar year.(2) (A) Notice of each meeting shall be given by the municipal improvement district to all record owners of property in the municipal improvement district no more than thirty (30) days before the meeting date and no less than ten (10) days before the meeting date.(B) The municipal improvement district board shall provide the agenda for each meeting to the record owners of the property in the municipal improvement district with the notice required under subdivision (a)(2)(A) of this section.

(1) All improvement districts in any city or incorporated town in this state established for the purpose of making improvements for municipal purposes shall meet in each quarter of the calendar year.

(2) (A) Notice of each meeting shall be given by the municipal improvement district to all record owners of property in the municipal improvement district no more than thirty (30) days before the meeting date and no less than ten (10) days before the meeting date.(B) The municipal improvement district board shall provide the agenda for each meeting to the record owners of the property in the municipal improvement district with the notice required under subdivision (a)(2)(A) of this section.

(A) Notice of each meeting shall be given by the municipal improvement district to all record owners of property in the municipal improvement district no more than thirty (30) days before the meeting date and no less than ten (10) days before the meeting date.

(B) The municipal improvement district board shall provide the agenda for each meeting to the record owners of the property in the municipal improvement district with the notice required under subdivision (a)(2)(A) of this section.

(b) (1) At each quarterly meeting of the improvement district, a financial report shall be included as an item on the agenda.(2) The financial report shall be provided to any member of the public who requests a copy of the report.(3) The financial report required under this section shall include without limitation:(A) Supporting documentation;(B) Bank statements;(C) Operating budget;(D) Projected budget; and(E) Itemization of revenues and expenditures.

(1) At each quarterly meeting of the improvement district, a financial report shall be included as an item on the agenda.

(2) The financial report shall be provided to any member of the public who requests a copy of the report.

(3) The financial report required under this section shall include without limitation:(A) Supporting documentation;(B) Bank statements;(C) Operating budget;(D) Projected budget; and(E) Itemization of revenues and expenditures.

(A) Supporting documentation;

(B) Bank statements;

(C) Operating budget;

(D) Projected budget; and

(E) Itemization of revenues and expenditures.