Iowa Administrative Code
Agency 541 - MANAGEMENT DEPARTMENT
Chapter 9 - FISCAL OVERSIGHT OF THE EARLY CHILDHOOD IOWA INITIATIVE
Rule 541-9.1 - Definitions

Universal Citation: IA Admin Code 541-9.1
Current through Register Vol. 46, No. 19, March 20, 2024

For the purpose of these rules, the following definitions apply:

"Agreement" means a contract between the area boards, state board, department of management, and state agencies to which funding is allocated.

"Audit" means a financial review by area boards of early childhood Iowa funds. Area boards that receive over $500,000 in federal funds from all funding sources shall complete a full audit of the funds. Area boards that do not receive over $500,000 in federal funds from all funding sources may complete a full audit or coordinate with the fiscal agent's financial review to conduct the state board approved agreed-upon procedures. The requirements included in the state board approved agreed-upon procedures shall be found in the online toolkit available on the official Web site of early childhood Iowa atwww.earlychildhoodiowa.org.

"Department" means the Iowa department of management.

"Early childhood Iowa area board" or"area board" means the board for an early childhood Iowa area created in accordance with Iowa Code section 2561.7.

"Early childhood Iowa state board" or"state board" means the early childhood Iowa state board created in accordance with Iowa Code section 2561.3.

Disclaimer: These regulations may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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