Code No. 206.4
TREASURER
It shall be the responsibility of the board to annually appoint a treasurer. The board may annually appoint a treasurer from its employees, other than a position requiring a teaching certificate, or from the public at the board meeting held each year after July 1, and prior to August 15, to serve a one-year term of office. To finalize the appointment, the treasurer shall take the oath of office at the meeting or no later than ten days thereafter.
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.
If the treasurer is unable or unwilling to carry out the duties required, it shall be the responsibility of the board secretary/business manager to carry out the duties of the treasurer.
Legal Reference: Iowa Code 12B.10; 12C; 64; 277.27; 279.3, .5, .7, .31-.33, .35; 291.2-.4, .6-.15; 299.10 (1995). 281 I.A.C. 12.3 (1).1978 Op. Att’y. Gen. 328.
Cross Reference: 202.2 Oath of Office, 210.1 Annual Meeting, 215 Board of Directors’ Records, 501.10 Truancy – Unexcused Absences, 704.3 Investments, 707 Fiscal Records, 708 Care, Maintenance, and Disposal of School District Records
Approved December 10, 2001
Reviewed March 12, 2018
Revised April 14, 2008