H. B. 4608
(By Delegates Kominar and H. White (By Request))
[Introduced February 22, 2000; referred to the
Committee on Political Subdivisions then Finance.]
A BILL to amend article five, chapter seven of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, by
adding thereto a new section, designated section sixteen-a;
and to amend article thirteen, chapter eight of said code by
adding thereto a new section, designated section seventeen-a,
all relating to requiring counties and municipalities and
other local government agencies to use the double entry form
of accounting.
Be it enacted by the Legislature of West Virginia:
That article five, chapter seven of the code of West Virginia,
one thousand nine hundred thirty-one, as amended, be amended by
adding thereto a new section, designated section sixteen-a; and that article thirteen, chapter eight of said code be amended by
adding thereto a new section, designated section seventeen-a, all
to read as follows:
CHAPTER 7. COUNTY COMMISSIONS AND OFFICERS.
ARTICLE 5. FISCAL AFFAIRS.
§7-5-16a. Double entry accounting.
Every county, county agency or county government entity shall
use the double entry form of accounting for the receipts and
expenditures of funds. For the purposes of this section, double
entry accounting is the accounting practice which indicates entries
of both payments and withdrawals of any moneys in an account.
CHAPTER 8. MUNICIPALITIES.
ARTICLE 13. TAXATION AND FINANCE.
§8-13-17a. Double entry accounting.
Every municipality, municipal agency or municipal government
entity shall use the double entry form of accounting for the
receipts and expenditures of funds. For the purposes of this
section, double entry accounting is the accounting practice which
indicates entries of both payments and withdrawals of any moneys in
an account.
NOTE: The purpose of this bill is to require the counties and
municipalities and other local government agencies to use the
double entry form of accounting.
§7-5-16a and §8-13-17a are new; therefore, strike-throughs and
underscoring have been omitted.