6 Va. Admin. Code § 15-45-180

Current through Register Vol. 41, No. 6, November 4, 2024

Section 6VAC15-45-180 - Fiscal procedures

Written procedures shall provide for the accounting and reporting of all fiscal related functions/activities and shall be in accordance with generally accepted accounting principles and fiscal management standards. Such written procedures shall include, at a minimum:

1. Appropriate levels of internal control.

2. Bonding.

3. Budgeting.

4. General accounting functions.

5. Procurement of goods and services.

6. Payroll.

7. Grant accounting, if applicable.

8. Inmate funds.

6 Va. Admin. Code § 15-45-180

Derived from VR230-01-006 § 3.2; Virginia Register Volume 12, Issue 4, eff. December 13, 1995.

Statutory Authority

§ 53.1-266 of the Code of Virginia.