Miss. Code. tit. 11, pt. 6, ch. 7, app 11-6-7-H

Current through January 14, 2025

Appendix 11-6-7-H - Loan Recipient Accounting and Auditing Requirements

All WPCRLF loan recipients must maintain project accounts in accordance with generally accepted government accounting standards, as defined by the Guidelines of the Municipal Accounting and Audit Manual, as prescribed by the State Auditor's Office. Charges to the project account must be properly supported, related to allowable construction costs, and documented by appropriate records. These project accounts must be maintained as separate accounts. Projects shall have audits conducted in accordance with the Federal Single Audit Act Amendments of 1996, P.C. 104-156, and Section 21-35-31 of the Mississippi Code.