Arkansas Code Title 14, Subtitle 14, Chapter 237 - Arkansas Municipal Water and Sewer Department Accounting Law

• § 14-237-101 - Title.
  This chapter shall be known and cited as the "Arkansas Municipal Water and Sewer Department Accounting Law".
• § 14-237-102 - Applicability.
  This chapter shall apply to all municipal water and sewer departments operating in this state under authority granted by state law for the establishment...
• § 14-237-103 - Exemption of Accounting Systems Exceeding Minimum.
  (a) In the event any department feels its system of bookkeeping equals or exceeds the basic system prescribed by this chapter, the department may...
• § 14-237-104 - Bank Accounts.
  All municipal water and sewer departments of this state shall maintain all funds in depositories approved for that purpose by law. The accounts shall...
• § 14-237-105 - Prenumbered Receipts or Mechanical Receipting Devices.
  (a) (1) All funds received are to be formally receipted at the time of collection or the earliest opportunity by the use of prenumbered...
• § 14-237-106 - Prenumbered Checks -- Electronic Funds Transfers.
  (a) All disbursements of water and sewer department funds, except those described in this section and as noted in § 14-237-107, are to be...
• § 14-237-107 - Petty Cash Funds.
  (a) Municipal water and sewer departments are permitted to establish petty cash funds, so long as the funds are maintained as set forth in...
• § 14-237-108 - Fixed Asset Records.
  (a) (1) Each water and sewer department's governing body shall adopt a policy defining fixed assets. (2) At a minimum, the policy shall set...
• § 14-237-109 - Cash Receipts Journal.
  (a) Water and sewer departments shall establish a cash receipts journal or an electronic receipts listing, which shall indicate the: (1) Receipt number; (2)...
• § 14-237-110 - Cash Disbursements Journal.
  (a) Water and sewer departments shall establish a cash disbursements journal or electronic check register which shall indicate the date, payee, check number or...
• § 14-237-111 - Reconciliation of Bank Accounts.
  (a) (1) All water and sewer departments shall reconcile on a monthly basis their cash receipts and disbursements journals to the amount on deposit...
• § 14-237-112 - Maintenance and Destruction of Accounting Records.
  (a) Accounting records can basically be divided into three (3) groups: (1) (A) Support Documents. Support documents consist primarily of the following items: (i)...
• § 14-237-113 - Annual Publication of Financial Statements.
  (a) (1) The governing body of each municipal water or sewer department shall cause to be published annually a financial statement of the department,...

Last modified: November 15, 2016