Iowa Admin. Code r. 571-56.28

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 571-56.28 - Record keeping and retention

Grant recipients shall keep adequate records relating to the administration of the project, particularly relating to all incurred expenses. These records shall be available for audit by representatives of the department and the state auditor's office for a period of three years following the close of the grant. All records shall be retained in accordance with state laws.

(1)Definition of records. Records include but are not necessarily limited to invoices, canceled checks, bank statements, and bid and quote documentation.

(2)Annual reports. Grant recipients shall submit on forms provided by the department an annual report for five years following the close of the grant.

Iowa Admin. Code r. 571-56.28

ARC 0308C, IAB 9/5/12, effective 10/10/12