Rule 24-2-10.2 - Annual Budget and Fiscal Management SystemA. The agency provider must prepare and maintain annually a formal, written, program-oriented budget of expected revenues and expenditures that must: 1. Categorize revenues for the program by source;2. Categorize expenses by the types of services or program components provided, and/or by grant funding; and3. Account for federal funds separately in accordance with the Single Audit Act of 1984.B. The fiscal management system must:1. Produce monthly financial reports that show the relationship of budget and expenditures, including both revenues and expenses by category, providing assurance that budgeted amounts in grants with DMH (if applicable) are not exceeded.2. Provide monthly financial reports to the certified agency provider's governing authority and Executive Director as documented in governing authority minutes.3. Provide for the control of accounts receivable and accounts payable and for the handling of cash, credit arrangements, discounts, write-offs, billings, and where applicable, individual accounts.4. Provide evidence that all generated income accounts (if applicable) are included in required fiscal audits.