§ 20-49-3-14 — Audits

Indiana § 20-49-3-14

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 49: STATE MANAGEMENT OF COMMON SCHOOL
• Ch. 3: State Administration of Common School Fund

Text

The state board of accounts shall examine
the status of the fund. Upon completion of the examination, the
examiner performing the duty shall prepare a report of the examination.
The report must show:
(1) all necessary pertinent information;
(2) the balance of the fund's principal at the close of the previous
examination;
(3) the amount of interest and principal paid by each county to the
state board of finance since the close of the previous examination;
(4) the balance of principal due at the date of the closing of the
report;
(5) a statement of receipts and disbursements by the state board
of finance;
(6) a list of the securities found to be in the possession of the state
board of finance;
(7) the amount of each security; and
(8) the total amount of all the securities held in custody.
The appropriate officer of the state board of finance shall sign the list
described in subdivision (6) in duplicate. The original signed list shall
be deposited with the state board of accounts, and the duplicate of the
signed list shall be kept in the files of the treasurer of state.
[Pre-2006 Recodification Citation: 21-1-3-11.]

Legislative History

As added by P.L.2-2006, SEC.172. Amended by P.L.181-2015, SEC.41.