Budgets, Audits and Reports

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This is Chapter 25 of the Code of Virginia, titled “Budgets, Audits and Reports.” It is part of Subtitle II “Powers of Local Government”, which is part of Title 15.2 “Counties, Cities and Towns”.

It’s comprised of the following 17 sections.

§ 15.2-2500	Uniform fiscal year for all localities and school divisions
§ 15.2-2501	Establishment of funds for accounting and budgeting; separate depository and investment accounts not required
§ 15.2-2502	Notification by state officials and agencies
§ 15.2-2503	Time for preparation and approval of budget; contents
§ 15.2-2504	What budget to show
§ 15.2-2505	Budget may include reserve for contingencies and capital improvements
§ 15.2-2506	Publication and notice; public hearing; adjournment; moneys not to be paid out until appropriated
§ 15.2-2507	Amendment of budget
§ 15.2-2508	Governing bodies may require information of departments, etc
§ 15.2-2509	Auditor to devise system of bookkeeping and accounting
§ 15.2-2510	Comparative report of local government revenues and expenditures
§ 15.2-2511	Audit of local government records, etc.; Auditor of Public Accounts; audit of shortages; civil penalty
§ 15.2-2511.1	Return of local surplus funds
§ 15.2-2511.2	Duties of local government auditors
§ 15.2-2512	Audit of accounts of certain county officers, boards and commissions
§ 15.2-2512.1	Local fiscal distress; determination by Auditor of Public Accounts; state intervention
§ 15.2-2513	Special budget provisions