To provide a uniform system of accounting, financial reporting, and internal control adequate to protect and account for the Commonwealth's financial resources, while supporting and enhancing the recognition of Virginia as the best managed state in the union. More information is available in DOA's Strategic Plan and Service Area Plan.
In 1927, the General Assembly created the Division of Accounts and Controls in the Department of Finance, and in 1966, it was renamed the Department of Accounts.
The Department, under the direction of the State Comptroller, is responsible for: providing a unified financial accounting and control system for state funds; developing a comprehensive system of checks and balances between state agencies entrusted with the collection, receipt and disbursement of state revenues; and maintaining a central accounting system for all state agencies and institutions.
Over the last several years, state and local governments have begun issuing simplified financial reports. These are often referred to as "popular reports." These reports are intended to better inform the public about their government's financial condition, without excessive detail or the use of technical accounting terms. For a summary of the Commonwealth's overall financial condition, use this link.