Va. Code § 22.1-115

Current with changes from the 2024 legislative session through ch. 845

Section 22.1-115 - System of accounting; statements of funds available; classification of expenditures

The State Board, in conjunction with the Auditor of Public Accounts, shall establish and require of each school division a modern system of accounting for all school funds, state and local, and the treasurer or other fiscal agent of each school division shall render each month to the school board a statement of the funds in his hands available for school purposes. The Board shall prescribe the following major classifications for expenditures of school funds:

(i) instruction,

(ii) administration, attendance and health,

(iii) pupil transportation,

(iv) operation and maintenance,

(v) school food services and other noninstructional operations,

(vi) facilities,

(vii) debt and fund transfers,

(viii) technology, and

(ix) contingency reserves.

Va. Code § 22.1-115

Code 1950, § 22-143; 1979, c. 630; 1980, c. 559; 1984, c. 130; 1989, c. 94; 2002, c. 470; 2008, c. 131.

Amended by Acts 2008, § c. 131.

Amended by Acts 2002, § c. 470.

Amended by Acts 1989, § c. 94.

Amended by Acts 1984, § c. 130.

Amended by Acts 1980, § c. 559.

Amended by Acts 1979, § c. 630.