Accounting/Finances

Financial Records

Minimum Retention Period

Accounting General Ledger

One year + current

Audits (Inventory)

Until updated + one year

Audits (Financial)

Permanent

Bank Account Records

Six years + current

Bonded Indebtedness Records and Payments

Permanent

Budget Preparation Records and Budget Documents

Six years + current

Insurance Policies

Term of Policy

Payroll Records

Two years + current

Pledging Records

Three years + current

Purchasing Records

Two years + current