Okla. Admin. Code § 377:10-13-7

Current through Vol. 42, No. 7, December 16, 2024

Section 377:10-13-7 - Finances

(a) The facility must operate under an annual budget of anticipated revenues and expenditures that is approved by its governing authority.

(b) All financial records pertaining to the facility shall be audited annually by a certified public accountant or public accountant who has a valid current permit to practice in the State of Oklahoma and who is not a staff member, director, incorporator, stockholder, or partner of the facility or its parent organization.

(c) After each annual audit, the facility shall submit to OJA a copy of the auditor's statement substantiating the solvency of the facility and any parent organization and a statement concerning receipts and disbursements.

Okla. Admin. Code § 377:10-13-7

Added at 15 Ok Reg 771, eff 10-2-97 (emergency); Added at 15 Ok Reg 2682, eff 7-1-98