Section 127.185 - Finances: Plan for management; maintenance of fiscal records; budget; reserve; annual auditA child-placing agency shall:
1. Devise and carry out a plan for the management of its financial affairs which ensures that it has sufficient funding to support adequately its services relating to adoption.2. Maintain fiscal records of:(a) All its assets and liabilities.(b) Any donations it receives.(c) Any receipts collected and disbursements paid out relating to the placement of children for adoption.3. Establish budgets that identify and distinguish:(a) The direct costs of providing services relating to adoption, such as expenditures for the salaries and expenses of personnel, and for the medical expenses of biological mothers; and(b) The indirect costs of providing services relating to adoption, such as expenditures for newspapers, telephone service and the rental of office space.4. Apply any assets remaining in its budget at the end of each fiscal year to a reserve for possible future financial obligations.5. Cause an annual audit of its financial affairs to be conducted by an independent auditor, maintain the report of the audit with its other financial records and make the report of the audit available for inspection by the Division.6. Make available to the Division a copy of its current budget and report of expenditures relating to adoption.Nev. Admin. Code § 127.185
Added to NAC by Div. of Child & Fam. Services, eff. 11-23-93; A 5-14-96