§ 6-64-211 - Financial officer. - Arkansas Statutes

6-64-211. Financial officer.

(a) The Board of Trustees of the University of Arkansas at its meeting in June shall elect a financial officer for the University of Arkansas whose duty it shall be to perform all of the duties and services required of the secretary of the board and the treasurer of the university.

(b) He or she shall also keep in a well-bound book a true and correct record of the transactions of the board and shall also have the custody of all books and other property belonging to the board.

(c) (1) He or she shall also be auditor and bookkeeper of the university.

(2) As bookkeeper he or she shall keep a complete set of accounts in such manner as to afford a complete system of checking the funds and expenditures of the university and of its property.

(d) He or she shall keep accounts with the various appropriations for all purposes and make reports of them to the board and its officers showing the status of all appropriations.

(e) He or she shall collect all fees due the university for all purposes and keep and render accounts of the fees collected.

(f) (1) He or she shall audit all bills approved by officers authorized to spend any funds and shall issue his or her check in payment of these bills and shall file and preserve in his or her office all bills so paid and all checks issued in payment thereof.

(2) He or she shall pay no bills save by check.

(g) He or she shall give bond to the State of Arkansas for the faithful discharge of his or her duties in such sums as may be required by the board.