Department of Accounts (151)
Authority: Title 2.2 Chapter 8, Code of Virginia A1. Amounts for the Financial Oversight
for Enterprise Applications represent an internal service fund derived from
charges to agencies for the ongoing operating costs of the Commonwealth’s
enterprise applications. The estimated cost for this internal service
fund is $ 2. By September 1 of each year, the State Comptroller shall submit revised projections of revenues and expenditures for the internal service fund and estimates of any anticipated changes to fee schedules to the Joint Legislative Audit and Review Commission. Upon approval by the Joint Legislative Audit and Review Commission, the changes can be considered for inclusion in the executive budget submitted to the General Assembly pursuant to § 2.2-1508, Code of Virginia. In emergency circumstances, deviations from this schedule may be approved by the Joint Legislative Audit and Review Commission to prevent interruption of enterprise applications services. 3. In the event that expenses for the ongoing operations and maintenance of the enterprise applications become due before costs have been fully recovered in the department’s internal service fund, a treasury loan shall be provided to the department to finance these costs. This treasury loan shall be repaid from the proceeds collected in the fund. |