Public-domain · open source
OpenJurist

Ark. Code Ann. § 14-237-109

Cash receipts journal

Known as the Arkansas Municipal Water and Sewer Department Accounting Law

The act spans §§ 14–14 (13 sections).

Acts 1973, No. 148, § 8; A.S.A. 1947, § 19-5208; Acts 2011, No. 620, § 7.

(1) Water and sewer departments shall establish a cash receipts journal or an electronic receipts listing, which shall indicate the: Receipt number;

(2) Date of the receipt;

(3) Payor;

(4) Amount of the receipt; and

(5) Classification or general ledger account.

(6) Classifications of the receipts shall include the major sources of revenue.

(7) All items of receipts shall be posted to and properly classified in the cash receipts journal or electronic receipts listing.

(8) The journal shall be properly balanced and totaled monthly and on a year-to-date basis.

(9) The journal shall be reconciled monthly to total bank deposits as shown on the department's bank statements.

(10) The electronic receipts listing shall be posted to the general ledger at least monthly.

(11) The general ledger shall be reconciled monthly to total bank deposits as shown on the department's bank statements.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.