BBABE - Treasurer

File:     BBABE

Duties of the Treasurer

            On or before the first Monday in May the county board of education shall, upon recommendation of the county superintendent, appoint a treasurer for the board. Such treasurer shall be the fiscal officer of the board, or an employee commonly designated as the person in charge of the financial affairs of the county board, or the county sheriff. Once a board of education has appointed a treasurer other than the sheriff, the sheriff shall not be named treasurer of the board in a subsequent year. Upon appointment this person shall be titled and referred to as treasurer of the board of education. For the faithful performance of this duty, he/she shall execute a bond, to be approved by the board of education, in the penalty to be fixed by the board of education, not to exceed the amount of school funds which it is estimated he/she will handle within any period of two months. The premium on such bond shall be paid by the board of education.

            Any monies received by the sheriff and paid to the treasurer of the county board of education shall be deposited in accounts and all proper payments from such funds shall be made by the designated depository or bank upon order or draft presented for payment and signed by the duly authorized signatures of the board of education.

            Excess funds may be invested by the treasurer with the state sinking fund commission, or in guaranteed certificates of deposit issued by the depository or bank, or other guaranteed investments such as treasury bills, treasury notes or certificates of deposit issued by either the United States government or a banking institution in which federal or state guarantees are applicable. Interest earned in such investments is to be credited to the fund from which the monies were originally available.

            The county board of education is authorized to control, distribute, and expend monies collected for the purpose of school revenue.

            The treasurer of the Board shall pay money only upon the order of the Board.

Adopted:         July 1976

Reference:       School Laws of West Virginia, 18-9-3, 18-9-4, 18-9-6, 6-8-1

Clay County Board of Education