                                 CODE OF VIRGINIA

SYSTEM OF ACCOUNTING; STATEMENTS OF FUNDS AVAILABLE; CLASSIFICATION OF
EXPENDITURES (§ 22.1-115)

The State Board, in conjunction with the Auditor of Public Accounts, shall
establish and require of each school division a modern system of accounting for
all school funds, state and local, and the treasurer or other fiscal agent of
each school division shall render each month to the school board a statement of
the funds in his hands available for school purposes. The Board shall prescribe
the following major classifications for expenditures of school funds: (i)
instruction, (ii) administration, attendance and health, (iii) pupil
transportation, (iv) operation and maintenance, (v) school food services and
other noninstructional operations, (vi) facilities, (vii) debt and fund
transfers, (viii) technology, and (ix) contingency reserves.

HISTORY: Code 1950, § 22-143; 1979, c. 630; 1980, c. 559; 1984, c. 130; 1989,
c. 94; 2002, c. 470; 2008, c. 131.