Md. Code Regs. 26.01.06.02

Current through Register Vol. 51, No. 20, October 4, 2024

Section 26.01.06.02 - Scope

A. This chapter shall apply to all contracts and grants made by the Department of the Environment with private vendors, grantees, and local health departments for which an audit is provided as described in State Finance and Procurement Article, § 7-404, Annotated Code of Maryland.

B. The audit shall determine whether funds were spent in accordance with the contract or grant agreement.

C. The auditor shall review expenditures and revenues to determine if they are consistent with the approved budget and supported by documentation in accordance with the contract or grant agreement and generally accepted accounting principles.

D. The audit shall establish amounts due to or from the State by comparison of budgeted, reported, and audited expenditures net of revenues and funded amounts.

E. The audit findings shall be the basis for making a final settlement of the grant or contract.

Md. Code Regs. 26.01.06.02