Section 23.1-1309 of the Code of Virginia requires the Auditor of Public Accounts, in collaboration with the Council, State Comptroller, Department of Planning and Budget, and each institution, to develop and implement a standardized reporting format for each institution to annually report its intercollegiate athletics revenue and expenses to the Auditor of Public Accounts.  Institutions of higher education should use the resources below for the appropriate fiscal year to properly classify intercollegiate athletics revenues and expenses in accordance with the Code of Virginia and NCAA requirements.