§ 201-2. Annual financial statement by local governmental units.
(a)
Each municipality, special district or governmental unit having authority to levy taxes located wholly or principally in Brevard County shall file a financial statement with the clerk of the circuit court of such county within 60 days after the close of its fiscal year and at the same time shall also cause this statement to be published in a newspaper of general circulation within such county.
(b)
Each municipality, special district or governmental unit shall file a statement with the clerk of the circuit court certifying the date of the close of its fiscal year. After the lapse of 60 days as provided in subsection (a) of this section, the clerk shall certify to the auditor general the failure of any such municipality, special district or governmental unit to file the financial report required by said section. Upon such failure of any municipality, special district or governmental unit to file the financial report, the auditor general is hereby authorized and directed to conduct an audit of the financial condition of such municipality, special district or governmental agency. Upon completion, the said audit shall be filed with the clerk of the circuit court and a financial statement shall be published in a newspaper of general circulation in the county. The reasonable costs of such audit as determined by the auditor general shall be paid by the municipality, special district or governmental authority whose financial condition is required to be audited under the provisions of this section.
(c)
The Brevard County commission, the Brevard County school board, and all such boards, agencies and commissions whose budgets are part of said county commission or school board budget shall be exempt from the provisions of this section. No other municipality, special district or governmental unit shall be exempt.
(Laws of Fla. ch. 70-602, §§ 1—3)