Statutes, codes, and regulations
Wyoming Administrative Code
Agency 048 - Health, Department ofSubagency 0018 - Community Program - Mental Health and Substance Abuse Program
Chapter 2 - GENERAL ADMINISTRATION
Section 2-2 - Financial Management

048-2 Wyo. Code R. § 2-2

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Current through April 27, 2019
Section 2-2 - Financial Management

(a) The governing body shall annually adopt a formal, written budget of expected revenues and expenses.

  • (i) The budget shall categorize revenues by mental health and by substance abuse and by source of revenue for each.
  • (ii) The budget shall categorize expenses by mental health and by substance abuse and by types of expenses for each.
  • (iii) Revisions made in the budget during the fiscal year shall be reviewed and approved by the governing body, according to its policies.

(b) The program shall maintain current, written policies and procedures for the operation of the fiscal management system in accordance with generally acceptable accounting practices and procedures recommended by the programs independent auditor.

(c) The fiscal management system shall include a fiscal performance reporting mechanism that makes such reports available on a regular basis to the governing body.

(d) The program shall maintain insurance coverage for malpractice, and for general liability.

(e) The program shall ensure that all program personnel who handle funds are covered by fidelity bonding insurance.

(f) The programs financial records shall be kept either in original form or in another acceptable form, such as but not limited to microfilm, microfiche, or optical disk storage, for a period of seven (7) years from the close of the state fiscal year. If the records are the subject of an audit, a fraud investigation, or a lawsuit, they shall be kept until the matter is resolved.

048-2 Wyo. Code R. § 2-2