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14-59-115. Duties of municipal treasurer.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-59-115. Duties of municipal treasurer.
(a) Each municipal treasurer of this state or the designated representative that has been approved by the governing body shall submit a monthly financial report to the council or board of directors.
(b)(1) Municipal treasurers shall maintain the accounting records prescribed in this chapter.
(2)(A)(i) If the municipal treasurer does not comply with this chapter or requests that specific duties be assigned to another employee or contracting entity, the governing body of a municipality may assign specific duties outlined in this chapter to another employee, or it may contract for the services to be performed by a private, qualified person or entity.
(ii)(a)(1) Before the governing body of a municipality assigns or contracts with a person or entity for the disbursing of funds, the governing body of a municipality shall establish by ordinance a method that provides for internal accounting controls and documentation for audit and accounting purposes.
(2) The municipal treasurer shall approve the disbursement of funds before the private, qualified person or entity disburses the funds.
(b) The governing body of a municipality shall ensure that the person or entity is adequately insured and bonded and conforms to best practices and standards in the industry.
(B)(i) The governing body of a municipality may not assign duties relating to the collecting of funds to anyone other than an employee of the municipality.
(ii) The governing body of a municipality may assign or contract with a private, qualified person or entity for the duties relating to the disbursing of funds for payroll, bonded debt, or construction projects funded with bond proceeds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-59-115
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.
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Stable record: arkansas_code:legal_authorities:14-59-115
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3e7d6974d7c6d11d0275b49fbd2a236169a7eb616f8a3fec8da1c57033a57b61
Source location: content.xml paragraph 19068
Stored source content
14-59-115. Duties of municipal treasurer.
(a) Each municipal treasurer of this state or the designated representative that has been approved by the governing body shall submit a monthly financial report to the council or board of directors.
(b)(1) Municipal treasurers shall maintain the accounting records prescribed in this chapter.
(2)(A)(i) If the municipal treasurer does not comply with this chapter or requests that specific duties be assigned to another employee or contracting entity, the governing body of a municipality may assign specific duties outlined in this chapter to another employee, or it may contract for the services to be performed by a private, qualified person or entity.
(ii)(a)(1) Before the governing body of a municipality assigns or contracts with a person or entity for the disbursing of funds, the governing body of a municipality shall establish by ordinance a method that provides for internal accounting controls and documentation for audit and accounting purposes.
(2) The municipal treasurer shall approve the disbursement of funds before the private, qualified person or entity disburses the funds.
(b) The governing body of a municipality shall ensure that the person or entity is adequately insured and bonded and conforms to best practices and standards in the industry.
(B)(i) The governing body of a municipality may not assign duties relating to the collecting of funds to anyone other than an employee of the municipality.
(ii) The governing body of a municipality may assign or contract with a private, qualified person or entity for the duties relating to the disbursing of funds for payroll, bonded debt, or construction projects funded with bond proceeds.
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