n.the usefulness or significance of records containing financial information that is necessary to conduct current or future business or that serves as evidence of financial transactionsCrocker 1950, 9In each case evaluations are made on the basis of continuing administrative usefulness, legal value, fiscal or audit value, and historical or research value.Brown 1963, 356The State auditor and the public examiner (post-auditor) appraise the fiscal value of the records, and the attorney general and the director of the historical society respectively evaluate records in fields of law and history.Ricks, Swafford, and Kay 1992, 80–81A records series has fiscal value if it provides documentation of use of government funds necessary for audit or operational purposes, data necessary to compile the annual report or to complete the organization’s tax return, or documentation of other financial transactions such as purchases and sales.Mims 1996, 20Records with fiscal value are those that relate to the financial transactions of the local government, especially those required for audit or tax purposes.
