Every locality and school division shall establish such funds as may be required by law and as may otherwise be deemed necessary to provide appropriate accounting and budgetary control over the activities and affairs of the locality or school division. This section shall not be construed to require separate depository or investment accounts for the assets of each fund.
1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 25 - Budgets, Audits and Reports
§ 15.2-2500. Uniform fiscal year for all localities and school divisions
§ 15.2-2502. Notification by state officials and agencies
§ 15.2-2503. Time for preparation and approval of budget; contents
§ 15.2-2504. What budget to show
§ 15.2-2505. Budget may include reserve for contingencies and capital improvements
§ 15.2-2507. Amendment of budget
§ 15.2-2508. Governing bodies may require information of departments, etc.
§ 15.2-2509. Auditor to devise system of bookkeeping and accounting
§ 15.2-2510. Comparative report of local government revenues and expenditures
§ 15.2-2511.1. Return of local surplus funds
§ 15.2-2511.2. Duties of local government auditors
§ 15.2-2512. Audit of accounts of certain county officers, boards and commissions