Ala. Admin. Code r. 325-5-.08

Current through Register Vol. 43, No. 1, October 31, 2024

Section 325-5-.08 - Accounting

Each local Campaign Manager is responsible for the accuracy of disbursements it transmits to recipient agencies or federations participating in the ASECCC in the campaign community for which they are responsible. The local campaign manager will make monthly distributions to these agencies and federations based on the full amount of monies designated by state employees, plus its proportionate share of undesignated monies, minus only the approved share for administrative cost reimbursement and shrinkage.

(1) Federations participating in each campaign community's ASECCC will accept responsibility for the accuracy of distribution of designated and undesignated funds to the voluntary agencies of their federation which are eligible to participate in the ASECCC campaign.

(2) Each local Campaign Manager shall be responsible for scheduling an examination of its records no later than 120 days after the close of each campaign by an independent certified public accountant. For ASECCC campaigns with total revenues of $25,000 or over, a full audit shall be required; for ASECCC campaigns of less than $24,999, a review by an independent public accountant shall be required. The results of this audit or review shall be provided to each LARC chair as soon as possible. The audit or report shall also be available for state employees and the general public.

Author: Charles G. Colvin

Ala. Admin. Code r. 325-5-.08

Filed June 4, 1993

Statutory Authority: Act 91-561.