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MACDC Intercounty Drain Procedures Training
Intercounty Drain Accounting Stacy Hissong Fahey Schultz Burzych Rhodes PLC February 16, 2017 macdc.us
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Election of Board Treasurer
One treasurer selected by Drainage Board Maintains all funds for drainage district No separate accounts in each county macdc.us
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Board Treasurer Responsibilities
Maintain drain fund for ICD drainage district Pay approved costs and keep record of payments Coordination of levying and collection of assessments Invest drainage district funds Treasurer’s Report macdc.us
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Uniform Accounting Procedures
Michigan Department of Treasury Uniform Chart of Accounts Nine-digit system When establishing the drain fund, the Board Treasurer must be sure to use the appropriate account titles and numbers from the Uniform Chart of Accounts. This is necessary to keep an accurate record of total assets, liabilities, revenues, and expenditures, and is also helpful when preparing an annual report for auditing purposes. macdc.us
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Approval and Payment of Invoices
Board approval unless preauthorized Sufficient funds Drain Orders macdc.us
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Drain Orders macdc.us
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Preauthorization Resolution
Authorizes member to approve Inspections/engineer recommendation Communications to drainage board Drain Order macdc.us
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Computation of Costs Section 261 All costs of each county included
Basis for levying assessments macdc.us
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Audits Audit request Fund balance report macdc.us
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