R990-100-11. Fiscal Operations Procedures

(1) Each eligible entity shall have an acceptable procedure describing functions of its fiscal office and including at a minimum: (a) purchasing procedure; (b) system of cash control; (c) payroll system; and (d) internal and external reporting systems. (2) Fiscal procedures shall be in compliance with applicable state and federal regulations, including 45 CFR Part 75, and conform with generally accepted accounting procedures.