Sec. 4. The duties of the treasurer of Ivy Tech Community College include the following:
(1) Keeping true accounts of all money received into the treasury of Ivy Tech Community College and of the expenditure of that money.
(2) Paying out the same on order of the state board of trustees.
(3) Collecting the tuition and fees due to Ivy Tech Community College as well as gifts, grants, bequests, and devises.
(4) Preparing an annual financial statement for Ivy Tech Community College and at each regular meeting of the state board of trustees reporting on the financial condition of the college.
(5) Investing and reinvesting such funds as shall come into the treasurer's possession for the benefit of Ivy Tech Community College.