ARM 37.97.213. CHILD CARE AGENCY: FINANCES

(1) Each child care agency shall: (a) have a sound financial plan to carry out its defined purposes and provide proper care for children; (b) have sufficient funds or resources for its first year of operation and be able to furnish evidence to that effect; (c) maintain financial records of all receipts, disbursements, assets, and liabilities; and (d) provide for an annual audit of all accounts by an independent auditor who is not regularly employed by the child care agency or a member of the board of directors. (2) Financial responsibility for medical and dental treatment shall be established prior to placement and shall usually lie with the parent, guardian, custodian, and/or referring party of the child.