(a) The V.I. Inspector General shall prepare and submit to the Legislature an annual budget that includes staffing levels for the Office of the V.I. Inspector General. The budget, once appropriated by the Legislature, shall be allotted in its entirety at the commencement of the fiscal year.
(b) The V.I. Inspector General shall establish and maintain an imprest checking account. Within 15 days of the beginning of each fiscal year, the Commissioner of Finance shall deposit into the V.I. Inspector General's imprest account the sum of $100,000 from the budget appropriated by the Legislature.
(c) The V.I. Inspector General may expend monies from the imprest account for any purpose in exercising his powers and carrying out his duties as set forth in this chapter or any other law. Prior to the expiration of the month following the end of each quarter, the V.I. Inspector General shall submit to the Department of Finance a report detailing the amount, the nature, and the justification for each item of expenditure in the previous quarter. The report shall be accompanied by receipts and any other such documentation required by the Department's rules and regulations or other laws of the Virgin Islands. Prior to the expiration of the month following the end of the fiscal year, the V.I. Inspector General shall compile and submit an annual financial report for the fiscal year's expenditures from the imprest account.