New Hampshire SB585 mandates financial audits for communications districts and allows for waivers under certain revenue conditions.

New Hampshire SB585 requires governing boards of communications districts to hire certified public accountants to conduct financial audits annually. The audits must be completed within six months after the fiscal year ends. The governing board must review and vote on the acceptance of the audit, then send copies to member municipalities and the Department of Revenue Administration. The bill also allows for a waiver of the independent audit requirement if the district's annual revenue was less than $50,000 or less than $2 million with specific conditions.

New Hampshire SB585 mandates financial audits for communications districts and allows for waivers under certain revenue conditions.

New Hampshire SB585 requires governing boards of communications districts to hire certified public accountants to conduct financial audits annually. The audits must be completed within six months after the fiscal year ends. The governing board must review and vote on the acceptance of the audit, then send copies to member municipalities and the Department of Revenue Administration. The bill also allows for a waiver of the independent audit requirement if the district's annual revenue was less than $50,000 or less than $2 million with specific conditions.