7-6-4109. Financial reports and records to be maintained by town clerk -- exception. (1) It is the duty of the town clerk:
     (a) to present to the council, on a date set by the council, a full and detailed statement of the amounts of money belonging to the town received by and disbursed by the clerk during the preceding month and the state of each particular fund, which statement must be verified by the clerk's oath;
     (b) to keep the books and accounts of the city or town in a manner as to correctly present the condition of the finances of the city or town, which must always be open to the inspection of the mayor, the council, or any member of the council;
     (c) to render at any time an account to the council, showing the money on hand and the condition of the treasury;
     (d) to annually make out and submit to the town council, at its last meeting prior to May 1, a detailed account of all receipts and expenditures during the past fiscal year;
     (e) to keep a separate account of each fund or appropriation and the debits and credits of the account; and
     (f) to keep a register of all warrants paid, which must show the date, amount, and number and the person to whom and the fund from which the warrant was paid and to enter in a book kept for that purpose the date, amount, and person in whose favor and for what purpose warrants are drawn upon the town treasury.
     (2) This section does not apply to a town that has adopted the alternative accounting method provided for in Title 7, chapter 6, part 6.

     History: En. 11-805.1 by Sec. 4, Ch. 146, L. 1974; R.C.M. 1947, 11-805.1(part); amd. Sec. 2, Ch. 26, L. 1983; amd. Sec. 38, Ch. 430, L. 1995.