Oklahoma § 82-1324.18 - Duty of chairman - Compensation for services District audits, reviews or compilations
Full text of Oklahoma Oklahoma Statutes § 82-1324.18 — Duty of chairman - Compensation for services District audits, reviews or compilations, with citation guidance and answers to common questions.
§ 82-1324.18. Duty of chairman - Compensation for services District audits, reviews or compilations
A. It shall be the duty of the chairman of the board of
directors to keep in repair such works as are constructed by the
district and to operate such works, all as directed by said board.
The chairman and all persons who may perform any service or labor as
provided herein shall be paid such just and reasonable compensation
as may be allowed by the board of directors and said board shall
annually prepare an estimated budget for the coming year, adjust
rates, if necessary to produce sufficient revenue required by such
budget.
B. 1. The board of directors of each district with a gross
operating revenue of Fifty Thousand Dollars ($50,000.00) or more
during a fiscal year shall cause to be prepared, by an independent
licensed public accountant or a certified public accountant, an
annual financial audit in accordance with generally accepted
auditing standards as of the end of each fiscal year. Copies shall
be filed with the State Auditor and Inspector within six (6) months
after the close of the fiscal year.
2. The board of directors of each district with a gross
operating revenue of less than Fifty Thousand Dollars ($50,000.00)
during a fiscal year shall cause to be prepared an annual review or
compilation in compliance with standards promulgated by the American
Institute of Certified Public Accountants. Copies of the review or
compilation shall be filed with the State Auditor and Inspector
Oklahoma Statutes - Title 82. Waters and Water Rights
within six (6) months after the close of the fiscal year for which
the review or compilation is done.
C. Each annual review, compilation or audit prepared pursuant
to this section shall be reported at the district's annual meeting.
Nothing in this section shall in any way alter or eliminate the
auditing requirements of any state or federal lending institution.
Added by Laws 1972, c. 254, § 18. Amended by Laws 1994, c. 339, §
3, emerg. eff. June 8, 1994.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 82-1324.18
What does Oklahoma Statutes § 82-1324.18 cover?
Section 82-1324.18 ("Duty of chairman - Compensation for services District audits, reviews or compilations") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 82-1324.18?
A common citation format is "Oklahoma Statutes § 82-1324.18" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 82-1324.18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.