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206.4 TREASURER

It shall be the responsibility of the treasurer to oversee the investment portfolio, to receive funds of the school district, to pay out the funds for expenses approved by the Board, to maintain accurate accounting records for each fund, to report monthly regarding the investment portfolio and the status of each fund and to file required reports with the appropriate state agencies and other entities. It shall also be the responsibility of the treasurer to work with the secretary to coordinate the financial records, the financial reports, the cash flow needs, and the investment portfolio of the school district.

If the treasurer is unable or unwilling to carry out the duties required, it shall be the responsibility of the Board secretary to carry out the duties of the treasurer.

The treasurer shall give bond in an amount set by the Board. The cost of the bond will be paid by the school district.

 

 

 

 

 

 

 

 

 

Legal Reference:  Iowa Code 12B.10; 12C; 279.3, .31-.33; 291.2-.4, .8, .11, .12-.14

                              281 I.A.C. 12.3(1)

                              1978 Op. Att'y Gen. 328

Cross Reference:  202.2  Oath of Office

                               206.3  Secretary

                               210.1  Annual Meeting

                               215  Board of Directors' Records

                               704.3  Investments

                               707  Fiscal Reports

 

Approved: 07/18/1995

Reviewed: 12/11/2003;11/9/11; 10/14/15; 10/14/2020

Revised: 10/09/2003; 7/13/2006