Each year after August 31 and prior to the organizational meeting of the board in odd-numbered years,, the board will hold its annual meeting.
At the annual meeting, the board will examine the financial books and settle the secretary's and treasurer's statements for the fiscal year ending the preceding June 30. As part of the annual reports, the treasurer will present affidavits from depository banks.
The board, at this meeting, shall also appoint a board secretary and a treasurer. In the board’s discretion, one individual may serve as both the secretary and treasurer. The board may also appoint the board’s legal counsel.
Legal Reference:
Iowa Code §§ 279.1, .3, .33
Cross Reference:
206.3 Secretary
206.4 Treasurer
701.1 Depository of Funds
707 Fiscal Reports
Approved July 2000 Reviewed July 2021 Revised July 2020