West Virginia Code 18-30-10 – Reports and account; annual audit
(a) In addition to any other requirements of this article, the board shall:
Terms Used In West Virginia Code 18-30-10
- board: means a county board of education. See West Virginia Code 18-1-1
- Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
- Oversight: Committee review of the activities of a Federal agency or program.
(1) Provide annual statements on the savings plan accounts to the respective account owners; and
(2) Prepare, or have prepared, a quarterly report on the status of the program, including the trust funds and the administrative account, and provide a copy of the report to the Joint Committee on Government and Finance and the Legislative Oversight commission on education accountability.
(b) All accounts of the board, including the trust funds, are subject to an annual external audit by an accounting firm, selected by the board, of which all members or partners assigned to head the audit are members of the American institute of certified public accountants. The audit shall comply with the requirements of § 5A-2-33 of this code.