Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 14 - Solid Waste Disposal, Waterworks, And Sewers Generally > Chapter 237 - Municipal Water And Sewer Department Accounting Law > § 14-237-111 - Reconciliation of journals with bank accounts.

§ 14-237-111 - Reconciliation of journals with bank accounts.

14-237-111. Reconciliation of journals with bank accounts.

(a) All water and sewer departments shall, on a monthly basis, reconcile their cash receipts and disbursements journals to the amount on deposit in banks. The reconciliations should take the following form: Click here to view image.

(b) This reconciled balance shall agree with either the cash balance as shown on the department's check stubs running bank balance or the department's general ledger cash balance, whichever system the department employs.