California SB1126 mandates local agencies to post audited financial statements online to ensure transparency and fiscal accountability.

California SB1126 requires local agencies, including cities, counties, and special districts, to post their audited financial statements or annual comprehensive financial reports on their internet websites. This ensures that all Californians can access these documents online without charge or password. The reports must be posted within 30 days of completion and maintained for at least three years. The bill aims to enhance transparency and accountability in local government finances, ensuring that the public can monitor fiscal health and hold local agencies accountable.

California SB1126 mandates local agencies to post audited financial statements online to ensure transparency and fiscal accountability.

California SB1126 requires local agencies, including cities, counties, and special districts, to post their audited financial statements or annual comprehensive financial reports on their internet websites. This ensures that all Californians can access these documents online without charge or password. The reports must be posted within 30 days of completion and maintained for at least three years. The bill aims to enhance transparency and accountability in local government finances, ensuring that the public can monitor fiscal health and hold local agencies accountable.