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Virginia Administrative Code
Title 8. Education
Agency 20. State Board of Education
Chapter 240. Regulations Governing School Activity Funds
10/31/2025

8VAC20-240-20. Records, school finance officer, bonds.

The school shall keep an accurate record of all receipts and disbursements so that a clear and concise statement of the condition of the fund may always be determined. The principal must ensure that such records are maintained in accordance with this chapter and rules promulgated by the local school board. The principal or the principal's designee shall perform the duties of school finance officer or central treasurer. The school finance officer shall be bonded, and the local school board shall prescribe rules governing the bonds for employees who are responsible for these funds.

Statutory Authority

§§ 22.1-16 and 22.1-17 of the Code of Virginia.

Historical Notes

Derived from VR270-01-0023 § 2, eff. September 1, 1980; amended, Virginia Register Volume 41, Issue 26, eff. September 25, 2025.

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