D.C. Mun. Regs. tit. 5, r. 5-A8108

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 5-A8108 - FINANCES

8108.1

A school shall have adequate financial resources to achieve its mission and goals.

8108.2

A school shall have the following:

(a) Plans and arrangements for the medium and long term financial stability of the school;

(b) Ultimate authority in the governing body to allocate financial resources and for the accountability for such resources;

(c) An adequate staff, policies and procedures for budgeting and accounting for its resources;

(d) A written enrollment agreement, which clearly sets forth the obligations of the school and the student;

(e) Adequate arrangements for assuring strict compliance with the requirements of any student or school financial assistance provided by government agencies; and

(f) An annual audit by an independent certified public accountant, or other financial statement acceptable to the Commission.

D.C. Mun. Regs. tit. 5, r. 5-A8108

Final Rulemaking published at 37 DCR 6619, 6622 (October 19, 1990)