Arkansas Code Title 14, Subtitle 7, Chapter 119 - Water Improvement District Accounting
§ 14-119-101 - Title.
This chapter shall be known and cited as "The Water Improvement District Accounting Law of 1973."
§ 14-119-102 - Bank Accounts.
(a) All water improvement districts of this state shall establish and maintain commercial bank accounts for the deposit of all funds received.(b) The accounts...
§ 14-119-103 - Deposit of Funds.
All funds received by a water improvement district of this state shall be deposited in total in such bank accounts as prescribed by §
§ 14-119-104 - Prenumbered Receipts.
(a) All items of income are to be formally receipted by the use of prenumbered receipts or mechanical receipting devices such as cash registers...
§ 14-119-105 - Prenumbered Checks.
(a) All disbursements of water improvement district funds, except as noted in § 14-119-106, are to be made by prenumbered checks drawn upon the...
§ 14-119-106 - Petty Cash Funds.
(a) Water improvement district officers are permitted to establish petty cash funds so long as the funds are maintained on the basis set forth...
§ 14-119-107 - Reconciliation of Bank Accounts.
(a) All water improvement districts maintaining bank accounts, as prescribed in § 14-119-102, shall reconcile their cash receipts and cash disbursements journal to the...
§ 14-119-108 - Fixed Asset Records.
(a) All water improvement districts shall establish and maintain, as a minimum, listing of all fixed assets and equipment owned by or under the...
§ 14-119-109 - Cash Receipts Journal.
(a) All water improvement districts of this state shall establish and maintain as a minimum a cash receipts journal for recording of all moneys...
§ 14-119-110 - Cash Disbursements Journal.
(a) All water improvement districts of this state shall establish and maintain as a minimum a cash disbursements journal for recording and classifying cash...
§ 14-119-111 - Accounting Systems Above Minimum.
In the event any water improvement district feels its system of bookkeeping is such that it equals or exceeds the basic system prescribed by...