California SB1126 mandates local agencies to post audited financial statements online for public access.
California SB1126 requires local agencies, including cities, counties, and special districts, to post their audited financial statements or annual comprehensive financial reports on their websites. This ensures transparency and accessibility for all Californians. The financial documents must be prominently displayed, free of charge, and updated within 30 days of completion. This act aims to enhance fiscal accountability and prevent fiscal distress in local governments.
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