BD 232 - Treasurer

The Treasurer shall be appointed at the Organizational Meeting by the Board on the recommendation of the Executive Officer. The treasurer shall perform the following duties:

Receive all monies belonging to Eastern Iowa Community College District
(Merged Area IX).
Pay warrants signed by the President and countersigned by the Secretary of the Board.
Keep an accurate record of all receipts and expenditures of funds.
Register all payments and electronic funds transfers made and reported by the Secretary showing the number, date, to whom drawn, fund from which each payment and transfer was made, the purpose and amount.
Keep an accurate separate account of all funds.
Render a financial statement whenever required by the Board and keep books open for inspection at all times.
Make an annual report to the Board at its August meeting. Include as a part of the report statements from each depository bank showing balances as of June 30.
Deposit funds in the banks designated by the Board as the official depositories.
Keep a record of bond buyers.
Receive apportionment of funds and payment of taxes from the county treasurers.
Keep a record to whom interest-bearing bonds are sold.

DATE OF ADOPTION: 4/21/80
REVIEWED: 3/12/12; 10/15/18
REVISED: 2/17/97; 4/17/00; 4/21/03; 11/20/06; 3/9/15; 2/20/23
LEGAL REFERENCE: (Code of Iowa) 260C.12; 279.31, .33; 291.6, .12, .14;
298.11, .13; 298A
RELATED ADMINISTRATIVE PROCEDURES: None