California Public Utilities Code ARTICLE 7 - Receipts, Accounts, and Audits

• Section 16601.
  Receipts from the operation of a public utility shall be paid daily into the treasury of the district in a special fund set aside for...
• Section 16602.
  The board may from time to time make appropriations from individual public utility funds for the following purposes:(a) The payment of operating expenses of the public...
• Section 16603.
  Whenever a reserve fund exceeds one-half of the payment for operating expenses in the preceding fiscal year, the board may appropriate such excess to the...
• Section 16604.
  The books of account of the district shall show all of the following:(a) The true and complete financial results of the ownership and operation of each...
• Section 16605.
  The accounts of the district shall be examined at least once a year by an expert accountant, who shall report to the directors the result...
• Section 16606.
  Every two years the board may, and upon petition of 15 percent of the electors of the district shall, employ a qualified expert who shall...
• Section 16607.
  The expense of employing an expert shall not exceed fifteen thousand dollars ($15,000) at any one time, to be paid out of the income and...
• Section 16608.
  Experts shall be selected by the Public Utilities Commission, and their names and addresses certified to the board of directors of the district. Several experts...
• Section 16609.
  Whenever an expert is to be employed pursuant to Section 16606, at least four months before each biennial district election the board shall request in...
• Section 16610.
  Within 10 days after receipt of a certification the board shall by resolution entered on its minutes employ the expert, or one of the experts...
• Section 16611.
  In his report the expert shall make such recommendations and suggestions as to him seem proper and required for the good of the district, the...
• Section 16612.
  In his report the expert shall make such recommendations and suggestions as to:(a) The system of accounts kept, or in his judgment to be kept in...
• Section 16613.
  The expert shall enter upon his duties at least 90 days before the next impending biennial district election, and shall complete his examination and file...
• Section 16614.
  The expert’s report shall be made in duplicate to the electors of the district. One copy shall be filed with the board in the office...

Last modified: October 22, 2018