§ 20-41-1-8 — Treasurer; duties; accurate accounts; reports

Indiana § 20-41-1-8

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 41: EXTRACURRICULAR FUNDS AND ACCOUNTS
• Ch. 1: Accounting for School Functions; Extracurricular

Text

(a) The treasurer shall keep an accurate
account of all money received by the collecting authority and
expended, showing:
(1) the sources of all receipts;
(2) the purposes for which the money was expended; and
(3) the balance on hand.
A copy of the report, together with all records and files of
extracurricular activities, shall be filed as required under section 3 of
this chapter.
(b) However, in a school that has two (2) or more semesters in any
one (1) school year, the treasurer of the school shall file a copy of the
treasurer's financial report of receipts and disbursements with the
township trustee, board of school trustees, or board of school
commissioners not more than two (2) weeks after the close of each
semester. Records and files of extracurricular activities for the entire
school year shall be filed with the last financial semester report of any
one (1) school year.
(c) A copy of the report shall be filed with and kept by the city
superintendent having jurisdiction and the county superintendent where
the superintendent has jurisdiction.
(d) The records under this section shall be kept for five (5) years,
after which they may be destroyed.
[Pre-2006 Recodification Citations: subsection (a) formerly
20-26-6-4(b); subsection (b) formerly 20-26-6-4(c); subsection (c)
formerly 20-26-6-4(d) part; subsection (d) formerly 20-26-6-4(d)
part.]

Legislative History

As added by P.L.2-2006, SEC.164.