BOARD OF VISITORS ACCOUNTABILITY AND DELEGATION OF AUTHORITY. The Board of Visitors of the University shall at all times be fully and ultimately accountable for the proper fulfillment of the duties and responsibilities set forth in, and for the appropriate implementation of, this Policy. Consistent with this full and ultimate accountability, however, the Board may, pursuant to its legally permissible procedures, specifically delegate either herein or by separate Board resolution the duties and responsibilities set forth in this Policy to a person or persons within the University, who, while continuing to be fully accountable for such duties and responsibilities, may further delegate the implementation of those duties and responsibilities pursuant to the University’s usual delegation policies and procedures.
BOARD OF VISITORS ACCOUNTABILITY AND DELEGATION OF AUTHORITY. 963 The board of visitors of the University shall at all times be fully and ultimately accountable for the 964 proper fulfillment of the duties and responsibilities set forth in, and for the appropriate implementation 965 of, this policy. Consistent with this full and ultimate accountability, however, the board may, pursuant to 966 its legally permissible procedures, specifically delegate either herein or by separate board resolution the 967 duties and responsibilities set forth in this policy to a person or persons within the University, who, 968 while continuing to be fully accountable for such duties and responsibilities, may further delegate the 969 implementation of those duties and responsibilities pursuant to the University's usual delegation policies 970 and procedures.
BOARD OF VISITORS ACCOUNTABILITY AND DELEGATION OF AUTHORITY. 809 The board of visitors of the University shall at all times be fully and ultimately accountable for the 810 proper fulfillment of the duties and responsibilities set forth in, and for the appropriate implementation 811 of, this policy. Consistent with this full and ultimate accountability, however, the board may, pursuant to 812 its legally permissible procedures, specifically delegate either herein or by separate board resolution the 813 duties and responsibilities set forth in this policy to a person or persons within the University, who, 814 while continuing to be fully accountable for such duties and responsibilities, may further delegate the 815 implementation of those duties and responsibilities pursuant to the University's usual delegation policies 816 and procedures.
BOARD OF VISITORS ACCOUNTABILITY AND DELEGATION OF AUTHORITY. The board of visitors shall at all times be fully and ultimately accountable for the proper fulfillment
BOARD OF VISITORS ACCOUNTABILITY AND DELEGATION OF AUTHORITY. 2797 The board of visitors shall at all times be fully and ultimately accountable for the proper fulfillment 2798 of the duties and responsibilities set forth in, and for the appropriate implementation of this policy. 2799 Consistent with this full and ultimate accountability, however, the board may, pursuant to its legally 2800 permissible procedures, specifically delegate either herein or by separate board resolution the duties 2801 and responsibilities set forth in this policy to a person or persons within the University who, while 2802 continuing to be fully accountable for such duties and responsibilities, may further delegate the 2803 implementation of those duties and responsibilities pursuant to the University's usual delegation policies 2804 and procedures. 2805 V. FINANCIAL MANAGEMENT AND REPORTING SYSTEM. 2806 The President of the University, acting through the Senior Vice President of Administration and 2807 Finance or his designee, shall continue to be authorized by the board to maintain existing policies and 2808 implement new policies governing the management of University financial resources. These policies shall 2809 continue to (i) ensure compliance with generally accepted accounting principles; (ii) ensure consistency 2810 with the current accounting principles employed by the Commonwealth, including the use of fund 2811 accounting principles, with regard to the establishment of the underlying accounting records of the 2812 University and the allocation and utilization of resources within the accounting system, including the 2813 relevant guidance provided by the State Council of Higher Education for Virginia chart of accounts with
