§ 14-59-111 - Cash disbursements journals for municipalities.
14-59-111. Cash disbursements journals for municipalities.
(a) (1) (A) Municipal corporations shall establish a cash disbursements journal.
(B) The cash disbursements journal shall indicate the date, payee, check number, and amount of each check written.
(2) The classifications of expenditures shall include the major type of expenditures by department, such as:
(A) Salaries;
(B) Utilities;
(C) Supplies;
(D) Fixed assets; and
(E) Other.
(b) (1) The cash disbursements journal shall be footed, crossfooted, and totaled monthly and on a year-to-date basis.
(2) The cash disbursements journal shall be reconciled monthly to total bank disbursements as indicated on the monthly bank statements.