Section He-M 402.04 - Fiscal Management(a) A PSA shall utilize federal, third party, and other public and private sources of funds that are available for the agency to carry out the purposes of the PSA.(b) The board of directors shall establish and document an orientation process for educating new board members regarding: (1) Fiduciary responsibilities of board membership; and(2) Trainings for treasurer and all board members regarding reviewing and analyzing financial statements and general financial oversight.(c) The department shall conduct announced or unannounced reviews of PSAs and audit PSAs including all or part of any services, finances, or operations of the PSAs, whether operated directly by the PSA or for services contracted through or with another organization.(d) A PSA shall submit annually to the department an independent audit of the PSA and an independent audit of any subcontractor of the PSA that provides peer support services. The independent audits shall be performed by a certified public accountant and be submitted together with a management letter, if issued, by October 31 for the previous fiscal year ending June 30.N.H. Admin. Code § He-M 402.04
#2038, eff 7-1-82; ss by #2711, eff 5-16-84; ss by #5130, eff 5-1-91, EXPIRED: 5-1-97
New. #8445, eff 10-6-05
Amended by Volume XXXVII Number 23, Filed June 8, 2017, Proposed by #12193, Effective 5/26/2017, Expires 5/26/2027.