N.M. Admin. Code § 8.2.2.13

Current through Register Vol. 35, No. 20, October 22, 2024

Section 8.2.2.13 - AUDIT REQUIREMENTS

A. Institutions shall conduct financial audits of their program in accordance with the office of management and budget circulars A-133 and A-110 and the U.S. department of agriculture's uniform federal assistance regulations ( 7 CFR Part 3015). CYFD instructs institutions of the audit requirements during annual training.

B. Institutions not subject to the OMB A-133 or A-110 audit requirements will have a financial review conducted by CYFD during administrative program reviews which will be conducted no less than every three years and upon any referral or complaint regarding financial operations.

C. Audits are due to CYFD no later than nine months after the close of the institution's fiscal year.

N.M. Admin. Code § 8.2.2.13

8.2.2.13 NMAC - Rp, 8 2.2.13 NMAC, 06-15-09