Sec. 3. Before May 1 of each calendar year, each county auditor and county treasurer shall prepare a written report and present the report to the board of county commissioners at the May meeting of the board. The report must concern the school funds held in trust by the county. The following information must be included concerning the county common school fund and the congressional township school fund for the previous calendar year:
(1) The amount in each fund.
(2) Any additions to the funds, including the sources of the additional funds.
(3) The financial condition of the funds, including information concerning the amount safely invested, unsafely invested, and uninvested in the funds, and any loss to the funds.
(4) The amount of interest collected on the funds.
(5) Any amount due and unpaid to the funds.
[Pre-2006 Recodification Citation: 21-1-7-29.]
As added by P.L.2-2006, SEC.162.
Structure Indiana Code
Article 39. Accounting and Financial Reporting Procedures
Chapter 4. Audits; Reports Related to Trust Funds
20-39-4-1. Application; County Common School Fund; Congressional Township School Fund
20-39-4-2. Examination of Records; State Board of Accounts
20-39-4-3. Annual Report of County Auditor and County Treasurer
20-39-4-4. Examination of Report; County Commissioners