Arkansas Code of 1987 (2023)
Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706)
Subtitle 14 - SOLID WASTE DISPOSAL, WATERWORKS, AND SEWERS GENERALLY (§§ 14-229-101 — 14-238-124)
Chapter 237 - MUNICIPAL WATER AND SEWER DEPARTMENT ACCOUNTING LAW (§§ 14-237-101 — 14-237-113)
Section 14-237-105 - Prenumbered receipts or mechanical receipting devices

• (a)
  • (1) All funds received are to be formally receipted at the time of collection or the earliest opportunity by the use of prenumbered receipts or mechanical receipting devices.
  • (2) However, the use of prenumbered receipts shall not be required for receipting revenues derived from the sale of water to individual consumers where the income is determined by periodic readings of meters and the individual consumer is billed for the water by means of a water bill, part of which must be returned by the consumer with his or her remittance. In those cases, the water and sewer department shall prepare a detailed monthly statement showing the amount billed to each consumer and posting the amount collected from each consumer on a monthly basis. A summary of the monthly statements shall be submitted to the governing body for its review.

• (b) In the use of prenumbered receipts, the following minimum standards shall be met:
  • (1) If manual receipts are used, receipts are to be prenumbered by the printer and a printer's certificate obtained and retained for audit purposes. The certificate shall state the date printing was done, the numerical sequence of receipts printed, and the name of the printer;
  • (2) The prenumbered receipts shall contain the following information for each item receipted:
    • (A) Date;
    • (B) Amount of receipt;
    • (C) Name of person or company from whom money was received;
    • (D) Purpose of payment;
    • (E) Fund to which receipt is to be credited; and
    • (F) Identification of employee receiving the money; and
  • (3) If manual receipts are used, the original receipt should be given to the party making payment. One (1) duplicate copy of the receipt shall be maintained in numerical order in the receipt book and made available to the auditors during the course of annual audit. Additional copies of the receipt are optional with the water and sewer department and may be used for any purpose it deems fit.

• (c) If an electronic receipting system is used, the system shall be in compliance with the Information Systems Best Practices Checklist provided by the Legislative Joint Auditing Committee.

Acts 1973, No. 148, § 4; A.S.A. 1947, § 19-5204; Acts 2011, No. 620, § 3.