CHAPTER 178

AN ACT to amend and reenact § 2-128 of the Code of 1950 relating
to bookkeeping and accounting for State and local offices and

duties of Auditor of Public Accounts in relation thereto.
[8 155

Approved March 14, 1950

Be it enacted by the General Assembly of Virginia:

1. That § 2-128 of the Code of 1950 be amended and reenacted
as follows:

§ 2-128. Devising system of bookkeeping and accounting for
State and local offices—The Auditor of Public Accounts, under
the direction of the Auditing Committee of the General Assembly,
shall devise a modern, effective and uniform system of bookkeeping
and accounting, comprehending:

(1) An efficient system of checks and balances between the
officers at the seat of government entrusted with the collection and
receipt, custody and disbursement of the revenues of the State.

(2) A system of accounting, applicable to all State officers,
departments, boards, commissions and agencies, which shall be

suitable to their respective needs, considering their relation to each
other and their relation to subordinate officers and officials.

As to the operation of farms, laundries, merchandising activi-
ties, dining halls and cafeterias for which charges are made, and
any other type of activity which, if conducted privately, would be
operated for profit, the system of accounting therefor shall be de-
signed to reflect all charges properly allocable thereto to the end
that the net profit or loss therefrom shall be reflected; provided that
in the furtherance of this objective the joint Auditing Committee of
the General Assembly on the recommendation of the Auditor of
Public Accounts, may authorize the Director of Accounts and Pur-
chases to establish working capital fund accounts on his books and
record therein the receipts and erpenditures of these several func-
tions; and provided further that the said director shall provide the
agencies responsible for the operations of these functions with re-
volving funds with which to finance the operations.

Unit prices of foodstuff, or other commodities, produced on farms
shall be fired on a semiannual basis by the head of the Division of
Purchase and Printing of the Department of Accounts and Pur-
chases and these unit prices so fired shall be the basis for charging
the value of foods produced by the farms and consumed by the operat-
ing agencies or sold to other agencies of the Commonwealth.

(3) A system of bookeeping and accounting, for the use of all
county, city and town officials and agencies handling the revenues
of the State or of any political subdivision thereof; provided, that
the Auditor of Public Accounts and the Governor may approve any
existing system.