PURPOSE: The state auditor has authority to establish standards and reporting requirements for audits performed on fire protection districts in St. Louis and Greene Counties. This rule describes required and suggested information to be included in the audit reports. (1) Standards for auditing and financial reporting of fire protection districts are given in 15 CSR 40-4.020.

1. (2) All audit reports shall contain:

   1. (A) A table of contents;
   2. (B) A report on the financial statements;
   3. (C) Combined financial statements and appropriate note disclosures;

   4. (D) Other financial information which includes, but is not limited to, the following:

      1. 1. Supplemental schedule of expendi-

tures/expenses by object, if not included in the financial statements;

1. 2. Tax rates and assessed valuation;
2. 3. Schedule of insurance in force which

shall include, in addition to other information, the agent for each policy; and

1. 4. Principal officeholders who held office

during the period under audit, compensation received by each official in performance of his/ her duty and all other compensation or reimbursement of expenses made by the district to each officeholder; and 15 CSR40-4-ELECTED OFFICIALS

1. (E) A report on the consideration of the internal control structure, a report on the tests of compliance with applicable laws and regulations and a management letter communicating areas of possible improvement not otherwise reported. The required scope of audit for the reports and management letter is set forth in 15 CSR 40.4.040(3). The reports and management letter shall include the findings and recommendations, if any, which the auditor developed during his/her audit and the district’s responses to those findings and recommendations. The reports and management letter shall also indicate the nature of previous recommendations and the extent to which the district has implemented those recommendations.

1. (3) If the district or the auditor deems it appropriate, audit reports may contain or utilize the following:

   1. (A) A history and organization section prepared by the district (unaudited);
   2. (B) Comparativefinancialdataforone(l)or more years; and
   3. (C) Other statements, exhibits, schedules or analyses as deemed necessary or appropriate by the district or the auditor.

   Auth: section 321.690, RSMo (Cum. Supp. 1993).* Original rule filed May 12, 1978, effective Sept. 11,1978. Amended: Filed Dec. 2,1985, effectiue Feb. 13,1986. Amended: Filed June 14, 1994, effective Nov. 30,1994. *Original authority 1977, amended 1981,1986, 1991,1993.