Md. Code Regs. 07.01.20.05

Current through Register Vol. 51, No. 22, November 1, 2024

Section 07.01.20.05 - Fiscal Recording

The administering agency shall:

A. Maintain books, records, documents, and other evidence of all expenditures and income;

B. Maintain records according to generally acceptable accounting standards; and

C. Present, upon receipt of notice by a State auditor or other individual authorized to monitor the Program, all books, records, documents, and other evidence pertaining to the Program for inspection, review, or audit.

Md. Code Regs. 07.01.20.05

Regulation .05C amended effective November 11, 2002 (29:22 Md. R. 1720)