§ 1721. Records; reports. It shall be the duty of the board of
education of a union free school district to keep an accurate record of
all its proceedings in books provided for that purpose. It shall also
be the duty of said board to cause to be published once in each year,
during the month of July or during the month of August, in at least one
public newspaper, published in such district or, if one public newspaper
is not published in such district, then in a public newspaper having
general circulation within such district, a full and detailed account of
all moneys received by the board or the treasurer of said district, for
its account and use, and of all the moneys expended therefor, giving the
items of expenditure in full; should there be no paper published in or
having general circulation within said district said board shall publish
such account by notice to the taxpayers, by posting copies thereof in
five public places in said district.