§5A-2-1. Finance division created; director; sections; powers and duties


Published: 2015

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WEST VIRGINIA CODE











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WVC 5 A- 2 - 1

§5A-2-1. Finance division created; director; sections; powers and

duties.

(a) The finance division of the department of administration

is hereby continued except that the budget section is transferred

to and shall become a part of the department of revenue on the

effective date of this section as amended in the year two thousand

four. The finance division shall be under the supervision and

control of a director, who shall be appointed by the secretary.

There shall be in the finance division an accounting section and a

financial accounting and reporting section.

(b) The accounting section shall have the duties conferred

upon it by this article and by the secretary, including, but not

limited to, general financial accounting, payroll, accounts payable

and accounts receivable for the department of administration.

(c) The financial accounting and reporting section shall

establish and maintain the centralized accounting system required

by section twenty-four of this article and issue annual general

purpose financial statements in accordance with generally accepted

accounting principles and with this article.





Note: WV Code updated with legislation passed through the 2015 Regular Session

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