Sec. 4-37g. Review of foundation audit reports. Auditors of Public Accounts.
Sec. 4-37g. Review of foundation audit reports. Auditors of Public Accounts.
(a) As used in this section, the term "funds for deposit and retention in state accounts"
means (1) all funds or other things of value received through proposals or other means
with an obligation for service primarily to the donor by the state agency including, but
not limited to, research, training, education or public service activities, except for such
funds or other things of value given to a foundation by a charitable trust which, on or
before October 1, 1989, does not permit the giving of its funds or other things of value
to a state agency, (2) gifts and donations, including cash, endowments, stock, real estate,
personal property or other property of value, made to the state agency and (3) foundation
funds received by the state agency.
(b) In the case of an audit required pursuant to section 4-37f, that was not conducted
by the Auditors of Public Accounts, the executive authority and chief financial official
of the state agency shall review the audit report received pursuant to said section and,
upon such review, the executive authority shall sign a letter indicating that he has reviewed the audit report and transmit a copy of the letter and report to the Auditors of
Public Accounts. If such audit report indicates that (1) funds for deposit and retention
in state accounts have been deposited and retained in foundation accounts or (2) state
funds, personnel, services or facilities may have been used in violation of sections 4-37e to 4-37i, inclusive, or any other provision of the general statutes, the Auditors of
Public Accounts may conduct a full audit of the books and accounts of the foundation
pertaining to such funds, personnel, services or facilities, in accordance with the provisions of section 2-90. For the purposes of such audit, the Auditors of Public Accounts
shall have access to the working papers compiled by the certified public accountant in
the preparation of the audit conducted pursuant to section 4-37f which are relevant to
such use of state funds, personnel, services or facilities in violation of the provisions of
sections 4-37e to 4-37i, inclusive, or any other provision of the general statutes.
(P.A. 89-267, S. 3; P.A. 96-244, S. 41, 63.)
History: P.A. 96-244 limited the applicability of Subsec. (b) to audits not conducted by the Auditors of Public Accounts,
effective June 6, 1996.