Section 20. Records, school finance officer, bonds

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Each school shall keep an accurate record of all receipts and disbursements so that a clear and concise statement of the condition of each fund may be determined at all times. It shall be the duty of each principal to see that such records are maintained in accordance with this chapter and rules promulgated by the local school board. The principal or person designated by him shall perform the duties of school finance officer or central treasurer. The school finance officer shall be bonded, and the local school board shall prescribe rules governing such bonds for employees who are responsible for these funds.

Historical Notes

Derived from VR270-01-0023 § 2, eff. September 1, 1980.

Statutory Authority

§§ 22.1-16 and 22.1-17 of the Code of Virginia.

                    
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