CHAP. 88.—An ACT to amend and re-enact section 788 of the Code of
Virginia, relating to the report of the auditor of public accounts.

Approved March 5, 1912.

1. Be it enacted by the general assembly of Virginia, That
section seven hundred and eighty-eight of the Code of Virginia
be amended and re-enacted so as to read as follows:

$788. What the report of the auditor to contain.

The report of the auditor of public accounts shall contain
a statement of the receipts and expenses of the preceding fiscal
vear, and an estimate of the revenue and expenditures for the
succeeding year. It shall also contain a list of all accounts re-
maining open on the books of his office at the close of the pre-
ceding year, or changes made or credits given within such year,

The report shall be accompanied with such remarks as may
serve to explain the account of receipts and expenses, and with
marginal notes explanatory of the balances reported. To such
balances shall be added an estimate of all revenues due and pay-
able into the treasury before the first of March following, and
from this total shall be deducted all appropriations and charges
payable before the first of March following, so as to show, as ac-
curately as possible, what the net balance in the treasury will
be at that time.

In his report the auditor shall point out any defects, which
may occur to him, in the revenue laws, and suggest the proper
remedies.

And if, in his opinion, the future revenue shall be likely to
prove insufficient, he shall recommend plans for increasing the
revenue, suggesting such new subjects of taxation, or such ad-
ditional taxes on the oid, as he may deem proper.