La. Admin. Code tit. 40 § XVII-905

Current through Register Vol. 50, No. 11, November 20, 2024

Section XVII-905 - Separate Bank Account

A. Each subgrantee who is a private not for profit agency or a public agency that maintains an independent accounting system shall maintain a separate bank account for Community Services Block Grant funds. This account must be reconciled at the at the end of each program year and be in balance with the final closeout report. It must also be closed at the end of the program year. Variances from this requirement shall have prior written approval from the Department of Labor.

B. Public agencies or departments of a political subdivision whose receipt, recording and disbursement of all funds is by the financial department of the political subdivision may maintain CSBG funds in the same manner as all other federal funds. Receipts and disbursements of CSBG funds are to be readily identifiable and kept in a separate journal or coded. Codes are also to be changed annually so as to identify funds of each fiscal year.

La. Admin. Code tit. 40, § XVII-905

Promulgated by the Department of Employment and Training, Office of Labor, LR 16:207 (March 1990), amended LR 17:357 (April 1991), amended by the Department of Labor, Office of Labor, LR 21:1341 (December 1995).

AUTHORITY NOTE: Promulgated in accordance with R.S. 23:66 et seq.