Existing law requires local agencies to report annual financial transactions to the State Controller and generally requires the completed financial report either to be posted online or made available upon request. Existing law did not uniformly require cities, counties, and independent special districts maintaining websites to publish their audited financial statements or annual comprehensive financial reports online.
Beginning January 1, 2028, SB 1126 requires a city (including a charter city), county, city and county, or independent special district that maintains a website to post its audited financial statements or annual comprehensive financial report online. The documents must be posted prominently, accessible without a password or fee, posted within 30 days after completion, and maintained on the website for at least three years.
Covered local agencies should establish procedures to ensure completed audited financial statements or annual comprehensive financial reports are posted within 30 days and remain publicly accessible for at least three years beginning on January 1, 2028.
SB 1126 adds Article 10.2, commencing with section 53905, to Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code.
