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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 12. Health |
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Agency 35. Department of Behavioral Health and Developmental Services |
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Chapter 46. Regulations for Children's Residential Facilities |
Section 190. Fiscal accountability
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A. Facilities operated by corporations, unincorporated organizations or associations, individuals, or partnerships shall prepare at the end of each fiscal year:
1. An operating statement showing revenue and expenses for the fiscal year just ended;
2. A working budget showing projected revenue and expenses for the next fiscal year that gives evidence that there are sufficient funds to operate; and
3. A balance sheet showing assets and liabilities for the fiscal year just ended.
B. There shall be a system of financial recordkeeping that shows a separation of the facility's accounts from all other records.
C. The provider shall develop and implement written policies and procedures that address the day-to-day handling of facility funds to include:
1. Handling of deposits;
2. Writing of checks; and
3. Handling of petty cash.
Historical Notes
Derived from Volume 25, Issue 21, eff. August 6, 2009.