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 14-237-109 - Cash receipts journal

• (a) Water and sewer departments shall establish a cash receipts journal or an electronic receipts listing, which shall indicate the:
  • (1) Receipt number;
  • (2) Date of the receipt;
  • (3) Payor;
  • (4) Amount of the receipt; and
  • (5) Classification or general ledger account.

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

• (c)
  • (1) All items of receipts shall be posted to and properly classified in the cash receipts journal or electronic receipts listing.
  • (2)
    • (A) The journal shall be properly balanced and totaled monthly and on a year-to-date basis.
    • (B) The journal shall be reconciled monthly to total bank deposits as shown on the department's bank statements.
  • (3)
    • (A) The electronic receipts listing shall be posted to the general ledger at least monthly.
    • (B) The general ledger shall be reconciled monthly to total bank deposits as shown on the department's bank statements.

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