§12-1-10. The treasurer to keep accounts with depositories;
settlements with depositories; statements of
depository balances; reconciliation of statements and
The treasurer shall keep in his office or her office a record
showing the account of each depository. Under the account of each
depository an entry shall be made showing the amount and date of
each deposit, the amount and date of each withdrawal and the
balance on deposit. The treasurer shall cause the state's account
with each depository to be settled at the end of every month of the
year and the balance in the depository to the credit of the
treasury to be carried forward to the account of the next month.
All the statements and records shall be reconciled monthly and
the reconciled reports shall be kept in the treasurer's office.
The reconciled records for each month shall be kept in the
treasurer's office for a period of five years.