Indiana Code Title 36. Local Government § 36-8-7-23

Sec. 23.  The unit's fiscal officer is the custodian of all money belonging to the 1937 fund, and all money belonging to the fund shall be promptly paid to the officer.  The officer is liable on the officer's bond for the faithful performance of all duties imposed upon the officer by this chapter in relation to the fund and for the faithful accounting of all money and securities that come into the officer's possession and belong to the fund.  The officer shall keep a separate account of the 1937 fund, which must always show the true condition of the fund.