H. B. 3225
(By Delegates Spencer, Poling, Stevens, Tabb, Wysong, Paxton,
Lane, Marshall and TansillSPONSOR)
[Originating in the DATE
Committee on EducationCOMMITTEE.]
(March 25, 2005)
A BILL to amend and reenact §18-9-3aBill Title of the code of West
Virginia, 1931, as amended, relating to the preparation and
publication of year-end financial statements by county
boards of education; requiring preparation of statement
conform with certain accounting principles; increasing
dollar amount threshold for including name of firm,
corporation, and person in statement; and changing
publication requirement. Title Language
Be it enacted by the Legislature of West Virginia:
That §18-9-3aEnacting Section of the code of West Virginia, 1931, as
amended, be amended and reenacted to read as follows:
ARTICLE 9. SCHOOL FINANCES.
§18-9-3a. Preparation, publication and disposition of financial
statements by county boards of education.
(a) The county board of every county, within ninety days after the beginning of each fiscal year, shall prepare on a form
to be prescribed by the state tax commissioner and the state
superintendent of free schools, and cause to be published a
(a) (1) The receipts and expenditures of the board during the
previous fiscal year arranged under descriptive headings;
(b) (2) The name of each firm, corporation, and person who
received more than two five hundred fifty dollars in the
aggregate from all funds during the previous fiscal year,
together with the aggregate amount received from all funds and
the purpose for which paid: Provided, That such statement shall
not include the name of any person who has entered into a
contract with this board pursuant to the provisions of sections
two, three, four and five, article two, chapter eighteen-a of
this code; and
(c) (3) All debts of the board, the purpose for which each
debt was contracted, its due date, and to what date the interest
thereon has been paid.
(b) Beginning with the statement for the fiscal year ended
on the thirtieth day of June, two thousand six, and thereafter,
the statement shall be prepared in conformity with accounting
principles generally accepted in the United States of America.
Such statement shall be published as a Class I-0 I
legal advertisement in compliance with the provisions of article three, chapter fifty-nine of this code, and the publication area
for such publication shall be the county. The county board
shall pay the cost of publishing such the statement from the
maintenance fund of the board.
As soon as is practicable following the close of the
fiscal year, a copy of the published statement herein required
shall be filed by the county board with the state tax
commissioner and with the state superintendent of free schools.
The county board shall transmit to any resident of the
county requesting the same a copy of the published statement for
the fiscal year designated, supplemented by a list of the names
of all school personnel employed by the board during such fiscal
year showing the amount paid to each, and a list of the names of
each firm, corporation, and person who received less than five
hundred dollars from any fund during such fiscal year showing the
amount paid to each and the purpose for which paid.