Cal. Code Regs. tit. 25 § 7754

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 7754 - Reporting Requirements

(a) During the term of the Standard Agreement and no later than thirty (30) days after the end of each calendar quarter, the Recipient shall submit to the Department a performance report which shall address the following topics;

(1) Description of current status of program activity, including number of units assisted,

(2) Description of activities to be undertaken in the next reporting period,

(3) Description of problems or delays encountered in program implementation, and course of action taken to address them,

(4) Description of actions to achieve program expenditure deadlines,

(5) Summary of program fiscal status, including:

(A) Award amount,

(B) Funds drawn, and,

(C) Remaining balance.

(b) During the term of the Standard Agreement and Monitoring Agreement, no later than thirty (30) days after June 30th of each year, the Recipient shall submit to the Department an annual performance report which shall address the following topics;

(1) Number of units assisted with CalHome Program loans by program activity type,

(2) Amount of CalHome Program funds spent on CalHome eligible activities by category,

(3) Summary of fiscal status for the reporting period, including

(A) Award amount,

(B) Funds drawn as of June 30th, and,

(C) Remaining balance.

(c) At any time during the term of the Standard Agreement or the Monitoring Agreement, the Department may perform or cause to be performed an independent financial audit of any and all phases of the Recipient's local program, self-help technical assistance project or homeownership development project. At the Department's request, the Recipient shall provide, at its own expense, a financial audit prepared by a certified public accountant.

Cal. Code Regs. Tit. 25, § 7754

1. New section filed 9-29-2003; operative 9-29-2003 pursuant to Government Code section 11343.4 (Register 2003, No. 40).
2. New subsections (a)-(b)(3)(C) filed 6-4-2004; operative 7-4-2004 (Register 2004, No. 23).

Note: Authority cited: Sections 50406(n) and 50650.2, Health and Safety Code. Reference: Sections 50650.2, 50650.3(b) and 50650.7, Health and Safety Code.