Financial Record Keeping of Individual School Funds 3-42

School Board of the City of Virginia Beach
Policy 3-42

BUSINESS AND NONINSTRUCTIONAL OPERATIONS

Financial Record Keeping of Individual School Funds

  1. Generally

    The superintendent or designee shall establish and maintain an active and continuing program for a safe, economic and efficient management of financial records.

  2. Responsibility

    The superintendent or designee shall ensure that an accurate record of all receipts and disbursements of school funds is kept.

  3. Individual Schools

    All school funds, including student activity accounts and athletic funds handled by school employees or students, shall be properly maintained and recorded. The superintendent or designee shall ensure that each school maintains an accurate account of all funds and that these funds be audited at least once each year.

Code of Virginia § 22.1-68, as amended. Records.

School Board Policy 3-51

Adopted by School Board: February 16, 1993
Amended by School Board: September 16, 2014
Amended by School Board: August 25, 2020