Each year after August 31, and prior to the Organizational Meeting of the board held after the regular school election, the board shall hold its annual meeting.
At the annual meeting, the board shall examine the financial books and settle the secretary's and treasurer's statements for the fiscal year ending the preceding June 30. As part of the annual reports, the treasurer shall present a statement from each depository showing the balance then on deposit at the depository. Should the secretary or treasurer fail to provide this information, the board may take the action necessary to secure the information.
The board, at this meeting, in even numbered years, shall also appoint a board secretary and a treasurer. In the board's discretion, one individual may serve as both the secretary and treasurer. The board may also appoint the board's legal counsel. Also, at this meeting, in even numbered years, the board will elect a president and vice president to serve a term of one year.
Legal Reference: Iowa Code 21.3, .4; 279.1 (1995). Op. Att’y Gen. 148.
Cross Reference: 200.1 Organization of the Board of Directors
210 Board of Directors’ Meetings
Approved Dec. 10, 2001
Reviewed November 18, 2019
Revised November 18, 2019