9-22-1. Receipts paid into municipal treasury–Funds designated by annual appropriation ordinance. All money belonging to the municipality derived from taxation, licenses, fines, forfeitures, the operation of waterworks or other public utility owned or operated by it, or from any other source, shall be paid into the municipal treasury, and the governing body by the annual […]
9-22-11. Interest from deposited funds property of municipality. All interest derived from the deposit of its funds shall be the property of the municipality. Source: SL 1913, ch 119, §122; RC 1919, §6344; SL 1919, ch 272; SL 1925, ch 236; SL 1929, ch 188; SDC 1939, §45.1423; SL 1943, ch 166; SL 1959, ch […]
9-22-12. Investment of debt service funds, surplus, utility revenues and bond proceeds–Special assessment bonds and certificates–Interest on investments. Every municipality maintaining a debt service fund for the payment of outstanding bonds, and every municipality having outstanding revenue bonds and having accumulated “surplus funds” as contemplated by §§9-40-30 and 9-40-32, and every municipality owning a public […]
9-22-13. Maturity dates of securities in which debt service funds invested. Moneys in any debt service fund shall be invested only in such of the securities named in §9-22-12 as will become due and payable on or before the date when the bonds for the payment of which such debt service fund was created become […]
9-22-14. Tax levy to retire bonds held by debt service fund. If a municipal debt service fund is invested in other bonds of such municipality, there shall be a levy of a tax upon the taxable property of such municipality of sufficient amount to pay the interest and also the principal thereof when due, and […]
9-22-15. Resolution required for investment transactions. In carrying out the provisions of §§9-22-12 to 9-22-14, inclusive, all transactions shall be by resolutions of the governing body. Source: SL 1915, ch 277; RC 1919, §6999; SL 1923, ch 264; SL 1927, ch 189; SL 1933, ch 164; SDC 1939, §45.2310; SL 1941, ch 200; SL 1949, […]
9-22-16. Separate accounting for funds and appropriations. The treasurer shall keep a separate account of each fund or appropriation and of the debits and credits belonging thereto. Source: SL 1890, ch 37, art VIII, §5; RPolC 1903, §1251; SL 1913, ch 119, §72; RC 1919, §6292; SDC 1939, §45.1124.
9-22-17. Receipt and application of special assessment money–Cancellation of certificates. All money received on any special assessment shall be held by the finance officer in its respective fund to be applied only to the payment of the improvements for which the assessment was made. All special assessment certificates received by the finance officer shall immediately […]
9-22-18. Register of warrants paid–Examination by finance committee. The treasurer shall also keep a register of all warrants paid during the year, describing such warrants, their date, amount, number, the fund from which paid, and person to whom paid, specifying also the time of payment. All such warrants shall be examined by the finance committee […]
9-22-19. Treasurer’s monthly settlement with auditor or clerk. The treasurer shall have a settlement with the auditor or clerk at the end of every month and turn over all warrants, interest coupons, bonds, or other evidence of indebtedness which may have been paid by him during the month, taking the receipt of the auditor or […]
9-22-2. Treasurer to receive moneys of municipality–Accounting. The treasurer shall receive all moneys belonging to the municipality, including taxes, licenses, fines, and income from all other sources, and shall receive special assessments as provided in §9-22-17 and keep accurate and detailed accounts thereof in such manner as the governing body may from time to time […]
9-22-20. Treasurer’s reports to governing body. The treasurer shall report to the governing body at such time as may be prescribed by ordinance, giving a full and detailed account of all receipts and expenditures since his last report, and the state of the treasury. Source: SL 1890, ch 37, art VIII, §8; RPolC 1903, §1254; […]
9-22-21. Annual financial report–Publication–Filing. The financial officer shall report to the governing body no later than the first regular meeting of May of each year, the receipts, expenses and financial condition of the municipality. The report shall include the amount of funds in the treasury at the time the report is made and where and […]
9-22-22. Bond record maintained by auditor or clerk. The auditor or clerk shall make and keep a list of outstanding municipal bonds, to whom issued, for what purpose, when and where payable, and the rate of interest they respectively bear, and recommend such action to the governing body as will secure the prompt payment of […]
9-22-23. Annual estimate by auditor or clerk of expenses and revenue. The auditor or clerk shall report annually, on or before the first day of September, to the governing body an estimate of the expenses of the municipality and likewise the revenue necessary to be raised for the current year. In municipalities of the first […]
9-22-24. Municipal interfund loans. Upon approval by the governing body, any unrestricted cash in any municipal fund may be loaned to any other municipal fund. Source: SL 2010, ch 44, §1.
9-22-3. Duplicate receipts given by treasurer–Filing with auditor or clerk. The treasurer shall give every person paying money into the treasury a duplicate receipt therefor, specifying the date of payment and upon what account paid. He shall also file copies of such receipts with the auditor or clerk at the date of his monthly report. […]
9-22-4. Assignment of delinquent accounts receivable–Disposition of uncollectible accounts. Every municipality may assign for collection any or all delinquent accounts receivable. After reasonable collection efforts the governing body may determine that an account is uncollectible, and by formal action direct that the uncollectible amount be removed from the records and disclosed on that year’s financial […]
9-22-5. Municipal funds kept separate and not used for personal benefit. The treasurer shall keep all moneys in his hands belonging to the municipality separate and distinct from his own moneys. He shall not use, directly or indirectly, the municipality’s money or warrants in his custody for his own benefit or that of any other […]
9-22-6. Designation of depositories for municipal funds. The governing body shall designate the depository or depositories in which the funds belonging to the municipality shall be deposited. Such depository or depositories shall be a bank or banks within the State of South Dakota, unless otherwise specifically provided by law. Source: SL 1913, ch 119, §122; […]
