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<br />budget, the Board may authorize the expenditure of funds in <br />excess of the budget by resolution duly adopted by a <br />two-thirds vote of the entire membership of the Board. Such <br />resolution shall set forth in full the facts concerning the <br />emergency and shall be included in the minutes of that <br />meeting. <br /> <br />(2) If so enacted, a copy of the resolution authorizing additional <br />expenditures shall be filed with the Division of Local <br />Government in the Colorado State Department of Local <br />Affairs and shall be published in compliance with statutory <br />requirements. <br /> <br />m. Payment of Continoencies. <br /> <br />(1) If there is unexpended or uncommitted money in funds other <br />than those to which the emergency relates, the Board shall <br />transfer such available money to the fund from which the <br />emergency expenditure is to be paid. <br /> <br />(2) To the extent that transferable funds are insufficient to meet <br />the emergency appropriation, the Board may borrow money <br />through (a) the issuance of tax anticipation warrants, to the <br />extent that the mill levy authority of the District is available as <br />specified under Section 29-1-115, C.RS., or (b) the <br />issuance of bond anticipation notes payable from future <br />bond proceeds or operating revenue, or (c) any other lawful <br />and approved method. <br /> <br />n. Annual Audit. <br /> <br />(1) The Board shall cause an annual audit to be made at the <br />end of the fiscal year of all financial affairs of District through <br />December 31 st of such fiscal year. In all events, the audit <br />report must be submitted to District within six months of the <br />close of such fiscal year. Such audit shall be conducted in <br />accordance with generally accepted auditing standards by a <br />registered or certified public accountant, who has not <br />maintained the books, records and accounts of District <br />during the subject fiscal year. The auditor shall prepare, and <br />certify as to its accuracy, an audit report, including a financial <br />statement and short form balance sheet based on such <br />audit, an unqualified opinion or qualified opinion with <br />explanations, and a full disclosure of violations of State law, <br />pursuant to statutory requirements. <br /> <br />Page 10 of 12 <br /> <br />Exhibit <br /> <br />A <br /> <br />Resolution 2007 - 03 <br />Adopted May 17,2007 <br />