§ 115C-436. Duties of school finance officer. - North Carolina Statutes

§ 115C‑436.  Dutiesof school finance officer.

(a)        The school finance officer shall be responsible to the superintendent for:

(1)        Keeping the accounts of the local school administrative unitin accordance with generally accepted principles of governmental accounting,the rules and regulations of the State Board of Education, and the rules andregulations of the Local Government Commission.

(2)        Giving the preaudit certificate required by G.S. 115C‑441.

(3)        Signing and issuing all checks, drafts, and State warrantsby the local school administrative unit, investing idle cash, and receiving anddepositing all moneys accruing to the local school administrative unit.

(4)        Preparing and filing a statement of the financial conditionof the local school administrative unit as often as requested by thesuperintendent, and when requested in writing, with copy to the superintendent,by the board of education or the  board of county commissioners.

(5)        Performing such other duties as may be assigned to him bylaw, by the superintendent, or by rules and regulations of the State Board ofEducation and the Local Government Commission.

All references in other portions of the General Statutes or local actsto school treasurers, county treasurers, or other officials performing any ofthe duties conferred by this section on the school finance officer shall bedeemed to refer to the school finance officer.

(b)        The State Board of Education has authority to issue rulesand regulations having the force of law governing procedures for thedisbursement of money allocated to the local school administrative unit by orthrough the State. The Local Government Commission has authority to issue rulesand regulations having the force of law governing procedures for thedisbursement of all other moneys allocated or accruing to the local schooladministrative unit. The State Board of Education and the Local GovernmentCommission may inquire into and investigate the internal control procedures ofa local school administrative unit with respect to moneys under theirrespective jurisdictions and may require any modifications in internal controlprocedures which may be necessary or desirable to prevent embezzlements ormishandling of public moneys. (1975, c. 437, s. 1; 1981, c. 423, s. 1.)