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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 6. Criminal Justice and Corrections |
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Agency 15. Department of Corrections |
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Chapter 45. Regulations for Private Management and Operation of Prison Facilities |
Section 180. Fiscal procedures
Latest version.
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Written procedures shall provide for the accounting and reporting of all fiscal related functions/activities and shall be in accordance with generally accepted accounting principles and fiscal management standards. Such written procedures shall include, at a minimum:
1. Appropriate levels of internal control.
2. Bonding.
3. Budgeting.
4. General accounting functions.
5. Procurement of goods and services.
6. Payroll.
7. Grant accounting, if applicable.
8. Inmate funds.
Historical Notes
Derived from VR230-01-006 § 3.2; Volume 12, Issue 04, eff. December 13, 1995.
Statutory Authority
§ 53.1-266 of the Code of Virginia.