This bill amends various sections of the Arkansas Code related to the financial operations of counties and the annual financial report requirements. Key changes include the replacement of the term "moneys" with "revenues" in multiple sections, clarifying the duties of the county treasurer regarding the receipt and disbursement of funds. The bill also specifies that the county treasurer must refuse payment of checks that would result in a deficit balance and outlines the responsibilities of the county clerk or county comptroller in compiling and publishing the annual financial report.
Additionally, the bill introduces new requirements for the annual financial report, mandating a detailed statement of revenues, expenditures, and changes in fund balances, as well as the publication of the report in a local newspaper and on a county-maintained website. It also allows for electronic funds transfers for payments to governmental entities or creditors under certain conditions. Overall, the amendments aim to enhance transparency and accountability in county financial operations.
Statutes affected: HB 1589: 14-15-805(1), 14-15-805(2), 14-15-805(3), 14-15-806, 14-15-809, 14-21-102, 14-71-101, 14-24-121(a)