W. Va. Code R. § 148-24-5

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 148-24-5 - Financial information to be reported to the Financial Accounting and Reporting Section for spending units not subject to an agreement

5.1. For those state spending units that have not entered an agreement for shared financial services, the following financial information must be submitted to FARSby the dates designated:

5.1.a. Drafts of financial statements of state spending units with audited funds and higher education institutions are due by September 15^thof each year;

5.1.b. The final financial statements of state spending units with audited funds and higher education institutions are due by October 15^thof each year;

5.1.c. Closing book forms of state spending units with unaudited funds are due by July 31^st of each year;

5.1.d. Financial statements for the Higher Education Consolidated Fund are due by October 31^st of each year.

5.2. Each cabinet secretary or head of an institution of higher education that does not utilize the Shared Services Section for financial services shall designate a liaison to work with the Section to ensure timely, necessary and accurate financial information is reported to FARS.

W. Va. Code R. § 148-24-5