Section 21-3-118 - Duties of treasurer of school district(a) The treasurer of each school district within the state shall: (i) Have custody of all moneys belonging to the district and pay out the same on order of the clerk, countersigned by the chairman; (ii) Cause an account to be kept of the receipts and expenditures of the district; (iii) Render a statement of the finances of the district at any time when required by the district board of trustees; and cause a detailed report showing the sources of revenue and the purposes for which moneys were expended to be published at the close of each fiscal year in some newspaper of general circulation within the school district.