Rule 24-2-10.3 - Financial StatementsA. Audited financial statements must be prepared annually by an independent CPA for DMH-certified agencies with more than $1,000,000 in annual revenue or, for state agency-operated service locations, the State Auditor's Office.B. DMH-certified agency providers with $1,000,000 or less in annual revenue must have a compilation report prepared annually by an independent CPA.C. These financial statements must:1. Include all foundations, component units, and/or related organizations.2. Be presented to the agency provider's governing authority and to DMH upon completion, but no later than nine (9) months of the close of the entity's fiscal year. Written requests for extensions must be submitted to DMH to prevent interruptions in grant funding (if applicable).3. Be in accordance with the Single Audit Act of 1984 (Office of Management and Budget) for facilities which have expended $750,000 (or current threshold amount set by the Office of Management and Budget) or more in Federal Financial Assistance (Detailed in the DMH Service Provider's Manual which is located on the DMH website).4. Include a management letter describing the financial operation of the certified agency provider.