14-237-105. Prenumbered receipts or mechanical receipting devices.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-237-105. Prenumbered receipts or mechanical receipting devices.

14-237-105. Prenumbered receipts or mechanical receipting devices. (a)(1) All funds received are to be formally receipted at the time of collection or the earliest opportunity by the use of prenumbered receipts or mechanical receipting devices. (2) However, the use of prenumbered receipts shall not be required for receipting revenues derived from the sale of water to individual consumers where the income is determined by periodic readings of meters and the individual consumer is billed for the water by means of a water bill, part of which must be returned by the consumer with his or her remittance. In those cases, the water and sewer department shall prepare a detailed monthly statement showing the amount billed to each consumer and posting the amount collected from each consumer on a monthly basis. A summary of the monthly statements shall be submitted to the governing body for its review. (b) In the use of prenumbered receipts, the following minimum standards shall be met: (1) If manual receipts are used, receipts are to be prenumbered by the printer and a printer's certificate obtained and retained for audit purposes. The certificate shall state the date printing was done, the numerical sequence of receipts printed, and the name of the printer; (2) The prenumbered receipts shall contain the following information for each item receipted: (A) Date; (B) Amount of receipt; (C) Name of person or company from whom money was received; (D) Purpose of payment; (E) Fund to which receipt is to be credited; and (F) Identification of employee receiving the money; and (3) If manual receipts are used, the original receipt should be given to the party making payment. One (1) duplicate copy of the receipt shall be maintained in numerical order in the receipt b

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-237-105

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.