{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/30-140.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/30-140.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/30-140.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/30-140.html"}],"law_id":64128,"edition_id":1,"section_id":64128,"structure_id":15862,"section_number":"30-140","catch_line":"Certain political subdivisions to file report of audit; period in which report kept as public record; when audit not required; sworn statement of exempted entities; publication of summary of financial condition; repeal of conflicting provisions","history":"Code 1950, \u00a7 2-135.1; 1956, c. 298; 1958, c. 534; 1966, c. 677, \u00a7 2.1-164; 1978, c. 617; 1981, c. 547; 1982, c. 631; 2001, c. 844; 2014, c. 509; 2021, Sp. Sess. I, c. 127; 2024, cc. 225, 242.","full_text":"A\n\nEach authority, commission, district, or other political subdivision the members of whose governing body are not elected by popular vote shall annually, within five months after the end of its fiscal year, have an audit performed covering its financial transactions for such fiscal year according to the specifications of the Auditor of Public Accounts and file with the Auditor of Public Accounts a copy of the report, unless exempted in accordance with subsection B.\n\t\t\tEach authority, commission, district, or other political subdivision the members of whose governing body are not elected by popular vote and which is reported in the Commonwealth’s Comprehensive Annual Financial Report as determined by the State Comptroller and the Auditor of Public Accounts shall annually, within three months after the end of its fiscal year, have an audit performed covering its financial transactions for such fiscal year according to the specifications of the Auditor of Public Accounts and file with the Auditor of Public Accounts a copy of the report, unless exempted in accordance with subsection B.\n\t\t\tThe Auditor of Public Accounts shall receive such reports required by this subsection and keep the same as public records for a period of 10 years from their receipt.B\n\nNo audit, however, shall be required for any fiscal year during which such entity’s financial transactions did not exceed the sum of $25,000.\n\t\t\tAs used in this section, “financial transactions” shall not include financial transactions involving notes, bonds, or other evidences of indebtedness of such entity the proceeds of which are held or advanced by a corporate trustee or other financial institution and not received or disbursed directly by such entity.\n\t\t\tIn the event an audit is not required, the entity shall file a statement under oath certifying that the transactions did not exceed such sum and, as to all transactions involving notes, bonds, or other evidences of indebtedness that are exempted, the statement shall be accompanied by an affidavit from the trustee or financial institution certifying that it has performed the duties required under the agreement governing such transactions. Notwithstanding the foregoing, the Auditor of Public Accounts may require an audit if he deems it to be necessary to determine the propriety of the entity’s financial transactions.\n\t\t\tIn the case of a water and sewer authority required by a governing body to have an audit conducted as specified in § 15.2-5145, the authority shall file the certified audit with the Auditor of Public Accounts.\n\t\t\tAt the time the report required by this section is filed with the Auditor of Public Accounts every such authority, commission, district, or other political subdivision, except those exempted from the audit report requirement, shall publish, in a newspaper of general circulation in the county, city, or town wherein the authority, commission, district, or other political subdivision is located, a reference to where a detailed statement reflecting the financial condition of the authority, commission, district, or other political subdivision may be found.\n\t\t\tAny provision of law, general or special, which by its terms requires an audit that is not required by this section shall be repealed to the extent of any conflict.","order_by":null,"text":{"0":{"id":233481,"text":"Each authority, commission, district, or other political subdivision the members of whose governing body are not elected by popular vote shall annually, within five months after the end of its fiscal year, have an audit performed covering its financial transactions for such fiscal year according to the specifications of the Auditor of Public Accounts and file with the Auditor of Public Accounts a copy of the report, unless exempted in accordance with subsection B.\n\t\t\tEach authority, commission, district, or other political subdivision the members of whose governing body are not elected by popular vote and which is reported in the Commonwealth’s Comprehensive Annual Financial Report as determined by the State Comptroller and the Auditor of Public Accounts shall annually, within three months after the end of its fiscal year, have an audit performed covering its financial transactions for such fiscal year according to the specifications of the Auditor of Public Accounts and file with the Auditor of Public Accounts a copy of the report, unless exempted in accordance with subsection B.\n\t\t\tThe Auditor of Public Accounts shall receive such reports required by this subsection and keep the same as public records for a period of 10 years from their receipt.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":233482,"text":"No audit, however, shall be required for any fiscal year during which such entity’s financial transactions did not exceed the sum of $25,000.\n\t\t\tAs used in this section, “financial transactions” shall not include financial transactions involving notes, bonds, or other evidences of indebtedness of such entity the proceeds of which are held or advanced by a corporate trustee or other financial institution and not received or disbursed directly by such entity.\n\t\t\tIn the event an audit is not required, the entity shall file a statement under oath certifying that the transactions did not exceed such sum and, as to all transactions involving notes, bonds, or other evidences of indebtedness that are exempted, the statement shall be accompanied by an affidavit from the trustee or financial institution certifying that it has performed the duties required under the agreement governing such transactions. Notwithstanding the foregoing, the Auditor of Public Accounts may require an audit if he deems it to be necessary to determine the propriety of the entity’s financial transactions.\n\t\t\tIn the case of a water and sewer authority required by a governing body to have an audit conducted as specified in § 15.2-5145, the authority shall file the certified audit with the Auditor of Public Accounts.\n\t\t\tAt the time the report required by this section is filed with the Auditor of Public Accounts every such authority, commission, district, or other political subdivision, except those exempted from the audit report requirement, shall publish, in a newspaper of general circulation in the county, city, or town wherein the authority, commission, district, or other political subdivision is located, a reference to where a detailed statement reflecting the financial condition of the authority, commission, district, or other political subdivision may be found.\n\t\t\tAny provision of law, general or special, which by its terms requires an audit that is not required by this section shall be repealed to the extent of any conflict.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15862,"edition_id":1,"name":"Auditor of Public Accounts","identifier":"14","label":"chapter","depth":2,"order_by":1,"parent_id":12738,"metadata":{},"date_created":"2026-06-26 04:00:48","date_modified":"2026-06-26 04:00:48","permalink":{"id":199551,"object_type":"structure","relational_id":15862,"identifier":"14","token":"30\/14","url":"\/30\/14\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12738,"edition_id":1,"name":"General Assembly","identifier":"30","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":199019,"object_type":"structure","relational_id":12738,"identifier":"30","token":"30","url":"\/30\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71311,"structure_id":15862,"section_number":"30-130","catch_line":"Election, term and compensation; vacancy","url":"\/30-130\/","token":"30\/14\/30-130","metadata":false},{"id":70978,"structure_id":15862,"section_number":"30-131","catch_line":"Official bonds","url":"\/30-131\/","token":"30\/14\/30-131","metadata":false},{"id":68692,"structure_id":15862,"section_number":"30-132","catch_line":"Employment of assistants; location of offices","url":"\/30-132\/","token":"30\/14\/30-132","metadata":false},{"id":78041,"structure_id":15862,"section_number":"30-133","catch_line":"Duties and powers generally","url":"\/30-133\/","token":"30\/14\/30-133","metadata":false},{"id":76240,"structure_id":15862,"section_number":"30-133.1","catch_line":"Additional certifications for public institutions of higher education","url":"\/30-133.1\/","token":"30\/14\/30-133.1","metadata":false},{"id":82875,"structure_id":15862,"section_number":"30-133.2","catch_line":"Annual review of the collection and distribution of retail sales and use taxes","url":"\/30-133.2\/","token":"30\/14\/30-133.2","metadata":false},{"id":73800,"structure_id":15862,"section_number":"30-134","catch_line":"Audit of accounts of city and county officers handling state funds; audit report; reimbursement of expenses","url":"\/30-134\/","token":"30\/14\/30-134","metadata":false},{"id":66609,"structure_id":15862,"section_number":"30-135","catch_line":"Inspection of accounts and vouchers","url":"\/30-135\/","token":"30\/14\/30-135","metadata":false},{"id":78124,"structure_id":15862,"section_number":"30-136","catch_line":"Power as to witnesses; perjury","url":"\/30-136\/","token":"30\/14\/30-136","metadata":false},{"id":61314,"structure_id":15862,"section_number":"30-137","catch_line":"Devising system of bookkeeping and accounting for local offices; costs","url":"\/30-137\/","token":"30\/14\/30-137","metadata":false},{"id":74953,"structure_id":15862,"section_number":"30-138","catch_line":"State agencies, courts, and local constitutional officers to report certain fraudulent transactions; penalty","url":"\/30-138\/","token":"30\/14\/30-138","metadata":false},{"id":86847,"structure_id":15862,"section_number":"30-139","catch_line":"To whom Auditor to report defaults or irregularities","url":"\/30-139\/","token":"30\/14\/30-139","metadata":false},{"id":64128,"structure_id":15862,"section_number":"30-140","catch_line":"Certain political subdivisions to file report of audit; period in which report kept as public record; when audit not required; sworn statement of exempted entities; publication of summary of financial condition; repeal of conflicting provisions","url":"\/30-140\/","token":"30\/14\/30-140","metadata":false},{"id":85793,"structure_id":15862,"section_number":"30-141","catch_line":"Annual report","url":"\/30-141\/","token":"30\/14\/30-141","metadata":false},{"id":81716,"structure_id":15862,"section_number":"30-142","catch_line":"Assumption of duties by Joint Legislative Audit and Review Commission upon failure of Auditor to perform; procedure","url":"\/30-142\/","token":"30\/14\/30-142","metadata":false}],"previous_section":{"id":86847,"structure_id":15862,"section_number":"30-139","catch_line":"To whom Auditor to report defaults or irregularities","url":"\/30-139\/","token":"30\/14\/30-139","metadata":false},"next_section":{"id":85793,"structure_id":15862,"section_number":"30-141","catch_line":"Annual report","url":"\/30-141\/","token":"30\/14\/30-141","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/30-140\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 9 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 298; in 1958, chapter 534; in 1966, chapter 677; in 1978, chapter 617; in 1981, chapter 547; in 1982, chapter 631; in 2001, chapter 844<\/a>; in 2014, chapter 509<\/a>; in 2024, chapters 225<\/a> and 242<\/a>.<\/p>","references":[{"id":74389,"section_number":"15.2-4904","catch_line":"Directors; qualifications; terms; vacancies; compensation and expenses; quorum; records; certification and distribution of report concerning bond issuance","order_by":null,"url":"\/15.2-4904\/"},{"id":68466,"section_number":"15.2-5502","catch_line":"Directors; qualifications; terms; vacancies; compensation and expenses; quorum; records; certification and distribution of report concerning bond issuance","order_by":null,"url":"\/15.2-5502\/"},{"id":57400,"section_number":"15.2-5511","catch_line":"Directors; qualifications; terms; vacancies; compensation and expenses; quorum; records; certification and distribution of report concerning bond issuance","order_by":null,"url":"\/15.2-5511\/"},{"id":70578,"section_number":"15.2-5518","catch_line":"Directors; qualifications; terms; vacancies; compensation and expenses; quorum; records","order_by":null,"url":"\/15.2-5518\/"},{"id":65514,"section_number":"15.2-6211","catch_line":"Forms of accounts and records; audit of same","order_by":null,"url":"\/15.2-6211\/"},{"id":72648,"section_number":"15.2-6413","catch_line":"Forms of accounts and records; audit of same","order_by":null,"url":"\/15.2-6413\/"},{"id":79454,"section_number":"15.2-6551","catch_line":"Board of the Authority; qualifications; terms; quorum; records","order_by":null,"url":"\/15.2-6551\/"},{"id":80828,"section_number":"15.2-6701","catch_line":"Board of the Authority; qualifications; terms; quorum; records","order_by":null,"url":"\/15.2-6701\/"},{"id":86353,"section_number":"15.2-6706","catch_line":"Board of the Authority; qualifications; terms; quorum; records","order_by":null,"url":"\/15.2-6706\/"},{"id":56570,"section_number":"33.2-3813","catch_line":"Forms of accounts and records; audit of same","order_by":null,"url":"\/33.2-3813\/"}],"refers_to":[{"id":57812,"section_number":"15.2-5145","catch_line":"Financial report; authority budget; audit","order_by":null,"url":"\/15.2-5145\/"}],"permalink":{"id":199601,"object_type":"law","relational_id":64128,"identifier":"30-140","token":"30\/14\/30-140","url":"\/30-140\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/30-140\/","token":"30\/14\/30-140","dublin_core":{"Title":"Certain political subdivisions to file report of audit; period in which report kept as public record; when audit not required; sworn statement of exempted entities; publication of summary of financial condition; repeal of conflicting provisions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 30-140","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Each authority, commission, district, or other political subdivision the members of whose governing body are not elected by popular vote shall annually, within five months after the end of its fiscal year, have an audit performed covering its financial transactions for such fiscal year according to the specifications of the Auditor of Public Accounts and file with the Auditor of Public Accounts a copy of the report, unless exempted in accordance with subsection B.\n\t\t\tEach authority, commission, district, or other political subdivision the members of whose governing body are not elected by popular vote and which is reported in the Commonwealth’s Comprehensive Annual Financial Report as determined by the State Comptroller and the Auditor of Public Accounts shall annually, within three months after the end of its fiscal year, have an audit performed covering its financial transactions for such fiscal year according to the specifications of the Auditor of Public Accounts and file with the Auditor of Public Accounts a copy of the report, unless exempted in accordance with subsection B.\n\t\t\tThe Auditor of Public Accounts shall receive such reports required by this subsection and keep the same as public records for a period of 10 years from their receipt. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> No audit, however, shall be required for any fiscal year during which such entity’s financial transactions did not exceed the sum of $25,000.\n\t\t\tAs used in this section, “financial transactions” shall not include financial transactions involving notes, bonds<\/span>, or other evidences<\/span> of indebtedness of such entity the proceeds of which are held or advanced by a corporate trustee or other financial institution and not received or disbursed directly by such entity.\n\t\t\tIn the event an audit is not required, the entity shall file a statement under oath<\/span> certifying that the transactions did not exceed such sum and, as to all transactions involving notes, bonds<\/span>, or other evidences<\/span> of indebtedness that are exempted, the statement shall be accompanied by an affidavit<\/span> from the trustee or financial institution certifying that it has performed the duties required under the agreement governing such transactions. Notwithstanding the foregoing, the Auditor of Public Accounts may require an audit if he deems it to be necessary to determine the propriety of the entity’s financial transactions.\n\t\t\tIn the case of a water and sewer authority required by a governing body to have an audit conducted as specified in § 15.2-5145<\/a>, the authority shall file the certified audit with the Auditor of Public Accounts.\n\t\t\tAt the time the report required by this section is filed with the Auditor of Public Accounts every such authority, commission, district, or other political subdivision, except those exempted from the audit report requirement, shall publish, in a newspaper of general circulation in the county, city, or town wherein the authority, commission, district, or other political subdivision is located, a reference to where a detailed statement reflecting the financial condition of the authority, commission, district, or other political subdivision may be found.\n\t\t\tAny provision of law<\/span>, general or special, which by its terms requires an audit that is not required by this section shall be repealed to the extent of any conflict. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCERTAIN POLITICAL SUBDIVISIONS TO FILE REPORT OF AUDIT; PERIOD IN WHICH REPORT\nKEPT AS PUBLIC RECORD; WHEN AUDIT NOT REQUIRED; SWORN STATEMENT OF EXEMPTED\nENTITIES; PUBLICATION OF SUMMARY OF FINANCIAL CONDITION; REPEAL OF CONFLICTING\nPROVISIONS (\u00a7 30-140)\n\nA. Each authority, commission, district, or other political subdivision the\nmembers of whose governing body are not elected by popular vote shall annually,\nwithin five months after the end of its fiscal year, have an audit performed\ncovering its financial transactions for such fiscal year according to the\nspecifications of the Auditor of Public Accounts and file with the Auditor of\nPublic Accounts a copy of the report, unless exempted in accordance with\nsubsection B.\n\t\t\tEach authority, commission, district, or other political subdivision the\nmembers of whose governing body are not elected by popular vote and which is\nreported in the Commonwealth’s Comprehensive Annual Financial Report as\ndetermined by the State Comptroller and the Auditor of Public Accounts shall\nannually, within three months after the end of its fiscal year, have an audit\nperformed covering its financial transactions for such fiscal year according to\nthe specifications of the Auditor of Public Accounts and file with the Auditor\nof Public Accounts a copy of the report, unless exempted in accordance with\nsubsection B.\n\t\t\tThe Auditor of Public Accounts shall receive such reports required by this\nsubsection and keep the same as public records for a period of 10 years from\ntheir receipt.\n\nB. No audit, however, shall be required for any fiscal year during which such\nentity’s financial transactions did not exceed the sum of $25,000.\n\t\t\tAs used in this section, “financial transactions” shall not\ninclude financial transactions involving notes, bonds, or other evidences of\nindebtedness of such entity the proceeds of which are held or advanced by a\ncorporate trustee or other financial institution and not received or disbursed\ndirectly by such entity.\n\t\t\tIn the event an audit is not required, the entity shall file a statement\nunder oath certifying that the transactions did not exceed such sum and, as to\nall transactions involving notes, bonds, or other evidences of indebtedness that\nare exempted, the statement shall be accompanied by an affidavit from the\ntrustee or financial institution certifying that it has performed the duties\nrequired under the agreement governing such transactions. Notwithstanding the\nforegoing, the Auditor of Public Accounts may require an audit if he deems it to\nbe necessary to determine the propriety of the entity’s financial\ntransactions.\n\t\t\tIn the case of a water and sewer authority required by a governing body to\nhave an audit conducted as specified in § 15.2-5145, the authority shall\nfile the certified audit with the Auditor of Public Accounts.\n\t\t\tAt the time the report required by this section is filed with the Auditor of\nPublic Accounts every such authority, commission, district, or other political\nsubdivision, except those exempted from the audit report requirement, shall\npublish, in a newspaper of general circulation in the county, city, or town\nwherein the authority, commission, district, or other political subdivision is\nlocated, a reference to where a detailed statement reflecting the financial\ncondition of the authority, commission, district, or other political subdivision\nmay be found.\n\t\t\tAny provision of law, general or special, which by its terms requires an\naudit that is not required by this section shall be repealed to the extent of\nany conflict.\n\nHISTORY: Code 1950, \u00a7 2-135.1; 1956, c. 298; 1958, c. 534; 1966, c. 677, \u00a7\n2.1-164; 1978, c. 617; 1981, c. 547; 1982, c. 631; 2001, c. 844; 2014, c. 509;\n2021, Sp. Sess. I, c. 127; 2024, cc. 225, 242.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}