Each year after August 31 and prior to the organizational meeting of the board in odd-numbered years, the board shall hold its annual meeting.
At the annual meeting, the board shall 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 shall 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 §§ 279.3, .33 (2013).
Cross Reference: 206.3 Secretary
206.4 Treasurer
701.1 Depository of Funds
707 Fiscal Reports
Approved 12/12/83 Reviewed 12/20/23 Revised 12/20/93
