The district’s fiscal year must match the municipality’s fiscal year, and the board, district, and municipal clerk each have set budget and reporting duties.
*67.1471. Fiscal year — budget — meeting — report — audit. — 1. The fiscal year for the district shall be the same as the fiscal year of the municipality. 2. No earlier than one hundred eighty days and no later than ninety days prior to the first day of each fiscal year, the board shall submit to the Missouri department of revenue, the state auditor, and the governing body of the city a proposed annual budget, setting forth expected expenditures, revenues, and rates of assessments and taxes, if any, for such fiscal year. The governing body may review and comment to the board on this proposed budget, but if such comments are given, the governing body of the municipality shall provide such written comments to the board no later than sixty days prior to the first day of the relevant fiscal year; such comments shall not constitute requirements but shall only be recommendations. 3. The board shall hold an annual meeting and adopt an annual budget no later than thirty days prior to the first day of each fiscal year. 4. Within one hundred twenty days after the end of each fiscal year, the district shall submit a report to the municipal clerk, the Missouri department of revenue, the state auditor, and the Missouri department of economic development. The report shall state the services provided, revenues collected, and expenditures made by the district during such fiscal year; state the dates the district adopted its annual budget, submitted its proposed annual budget to the municipality, and submitted its annual report to the municipal clerk; and include copies of written resolutions approved by the board during the fiscal year. The municipal clerk shall retain this report as part of the official records of the municipality and shall also cause this report to be spread upon the records of the governing body. 5. The state auditor may audit a district in the same manner as the auditor may audit any agency of the state. (L. 1998 H.B. 1636 § 8, A.L. 2016 S.B. 1002, A.L. 2021 S.B. 153 & 97, A.L. 2022 H.B. 1606) *Revisor's Note: This section was declared unconstitutional in Byrd, et al. v. State of Missouri, et al. (see 2023 annotation below). (2023) The inclusion of Section 67.2300 in H.B. 1606 from 2022 declared unconstitutional as violating the single subject rule of Article III, § 23 of the Missouri Constitution. The remaining provisions of H.B. 1606 could not be severed and the bill is declared invalid in its entirety. Byrd, et al. v. State of Missouri, et al., 679 S.W.3d 492 (Mo.banc).