§ 14-119-107. Reconciliation of bank accounts

1. (a) All water improvement districts maintaining bank accounts, as prescribed in § 14-119-102, shall reconcile their cash receipts and cash disbursements journal to the amount on deposit in banks on a monthly basis. The reconciliations shall take the following form:

2. (b) This reconciled balance shall agree to either the cash balance as shown on the official’s check stubs running bank balance or the official’s general ledger cash balance, whichever system the official employs.

“Water Improvement District of Date Amount Per Bank Statement Dated $ .00 ADD: Deposits in transit (Receipts recorded in Cash Receipts Journal not shown on this bank statement.) DATE RECEIPTS NO. AMOUNT $ .00 .00 .00 .00 DEDUCT: Outstanding checks (Checks issued and dated prior to date of bank statement per Cash Disbursements Journal not having yet cleared the bank.) CHECK NO. PAYEE AMOUNT $ .00 .00 .00 .00 RECONCILED BALANCE: $ .00

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