Mich. Admin. Code R. 460.2542
Current through Vol. 24-21, December 1, 2024
Rule 42. The following fund and deposit statement records shall be retained for the periods listed:
| (a) Summaries and periodic statements of cash balances on hand and with depositories. | Destroy at option. |
| (b) Statement of manager and agent cash balances on hand and with depositories. | Destroy at option. |
| (c) Authorizations for and statements of the transfer of funds from one depository to another. | Destroy at option. |
| (d) Requisitions and receipts for funds furnished to managers, agents, and others. | Destroy at option after funds have been returned or accounted for. |
| (e) Records of fidelity bonds of employees and others responsible for funds of the utility. | Until liability of bonding company has expired. |
| (f) Reports and estimates of funds required for general and special purposes. | Destroy at option. |
Mich. Admin. Code R. 460.2542