CHAPTER 237

An Act to amend and reenact § 2-128, as amended, of the Code of Virginia,
relating to bookkeeping and accounting systems and prices of certain
commodities.

[H 178]

Approved March 11, 1960

Be it enacted by the General Assembly of Virginia:

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

§ 2-128. The Auditor of Public Accounts, under the direction of the
Auditing Committee of the General Assembly, shall devise a modern, effec-
tive 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, depart-
ments, 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. oo _

As to the operation of farms, laundries, merchandising activities, 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 designed 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 the Public Accounts, may authorize the Director of *
the Department of Accounts to establish working capital fund accounts
on his books and record therein the receipts and expenditures of these
several functions; and provided further that the said director shall provide
the agencies responsible for the operations of these functions with revolv-
ing funds with which to finance the operations.

Unit prices of foodstuff, or other commodities, produced on farms shall
be fixed on a semiannual basis by the * Director of the Department of *
Purchases and Supply and these unit prices so fixed shall be the basis for
charging the value of foods produced by the farms and consumed by the
operating agencies or sold to other agencies of the Commonwealth.

(3) A system of bookkeeping 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.