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.
Statutory Authority
§ 53.1-266 of the Code of Virginia.
Historical Notes
Derived from VR230-01-006 § 3.2; Virginia Register Volume 12, Issue 4, eff. December 13, 1995.
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