Ala. Admin. Code r. 356-X-4-.02

Current through Register Vol. 42, No. 12, September 30, 2024

Section 356-X-4-.02 - General Accounting

(1) The system of accounts shall comply with the principles, practices, codes and regulations of the State Department of Education, recognized governmental accounting authorities, and recommendation of independent certified accountants.

(2) Monthly financial statements, submitted to the Board at quarterly meetings, will be in sufficient detail so as to enable the Board and the administration to reach conclusions concerning the present financial operations and to make management decisions affecting future operations. Special financial reports shall be made as deemed necessary.

Author:

Ala. Admin. Code r. 356-X-4-.02

Filed September 30, 1982.

Statutory Authority: H.J.R. 145, September 17, 1971.