RECORD KEEPING & AUDITS

Overview
The county and each municipality receiving SPLOST funds must maintain a record of each project for which the SPLOST proceeds are used [O.C.G.A. § 48-8-121 (a) (2) and § 48-8-122].

Audit
A schedule must be included in the annual audit of the county and each municipality receiving SPLOST funds that includes the following information for each approved project:
  • The original estimated cost;
  • The current estimated cost;
  • The amounts expended in prior years; and
  • The amounts expended in the current year.