DI--Financial Accounting and Reporting



            The superintendent or superintendent’s designee is responsible for implementing a modern system of accounting for all school funds as established by the Board of Education and the Auditor of Public Accounts.


The Alleghany County School Board receives monthly statements of the funds available for school purposes.


At least once each year the School Board submits a report of all its expenditures to the appropriating body. Such report is also made available to the public either on the school division website or in hard copy at the central school division office on a template prescribed by the Board of Education.


Adopted:          May 18, 2020



Legal Refs.:    Code of Virginia, 1950, as amended, §§ 22.1-90, 22.1-115.


Cross Refs.:    CBA                Qualifications and Duties for the Superintendent

DA                   Management of Funds

DB                   Annual Budget

DG                  Custody and Disbursement of School Funds

DGC                School Activity Funds

DGD                Funds for Instructional Materials and Office Supplies

DJB                 Petty Cash Funds

                        EF                   Food Service Management