SEC. 37-37-1. Uniform system of accounts for school districts.
The department of audit of the office of the state auditor of public accounts is hereby authorized and directed to prescribe and formulate for use by all school districts of this state, including municipal separate school districts, adequate accounting systems and other essential financial records which shall be uniform for all of the school districts of this state. Such uniform system shall include a method of accounting for and keeping records of all funds received, handled, and disbursed by such school district, whether derived from taxation or otherwise, including funds derived from donations, athletic events, and other special activities of the school district. The uniform system of accounts so prescribed and formulated by the department of audit shall be distributed and disseminated to all of the school districts of this state and it shall be mandatory that the boards of trustees of all such school districts install, utilize, and follow said uniform system of accounts in keeping the financial records of the school district.
SOURCES: Codes, 1942, Sec. 6229-01; Laws, 1953, Ex Sess, ch. 21.