School Board of the City of Virginia Beach
Policy 3-44

BUSINESS AND NONINSTRUCTIONAL OPERATIONS

Financial Reports

A.  Staff to Board

A continuing balance of the various budgetary accounts shall be maintained. The superintendent shall submit a monthly financial report covering the division's fiscal actions. The school board shall review the financial condition of the division monthly at a regular board meeting.

B.  Staff to Administration

Routine financial reports are to be submitted in accordance with administrative memoranda circulated annually by the superintendent.

Legal Reference:

Code of Va., § 22.1-115. System of accounting; statements of funds available; classification of expenditures.

 

Adopted by School Board:  February 16, 1993