La. Admin. Code tit. 67 § VII-207

Current through Register Vol. 50, No. 9, September 20, 2024

Section VII-207 - Fiscal Accounting Systems and Record Keeping

A. The CRP must maintain adequate fiscal records and accountability so as to demonstrate, upon request, receipt and utilization of funds from LRS. Each CRP must have an annual external audit and management letter and include a single audit where indicated or required by law.

B. The CRP must have adequate insurance, as appropriate to services provided, to protect against reasonable claims due to adverse events to protect persons served. This includes but is not limited to:

1. workers' compensation;

2. liability;

3. property;

4. vehicle;

5. directors' and officers' liability;

6. errors and omissions;

7. casualty;

C. A CRP shall not permit funds to be paid, or committed to be paid, to any corporate person to which any of the members of the governing body, administrative personnel or members of the immediate families or members of the governing body or administrative personnel have any direct or indirect financial interest, or in which any of these persons serve as an officer or employee, unless the services or goods involved are provided at a competitive cost or under terms favorable to the CRP. The CRP shall have a written disclosure of any financial transaction with the agency in which a member of the governing body, administrative personnel or his/her immediate family is involved.

La. Admin. Code tit. 67, § VII-207

Promulgated by the Department of Social Services, Office of Rehabilitation Services, LR 24:1955 (October 1998), Amended by the Workforce Commission, Rehabilitation Services, LR 48307 (2/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 49:664.4 and R.S. 36:477.