Michigan Administrative Code
Department - Agriculture and Rural Development
Executive Division
RegulationNo 805 - Matching Assistance to Fairs
Section R. 285.805.4 - Submittal of fair's cash receipts and disbursement statement; records maintenance
Current through Vol. 24-16, September 15, 2024
Rule 4.
(1) Within 120 days after the close of a fair, an association shall submit, to the department, unless notified otherwise, the fair's cash receipts and disbursement statement with all eligible expenses summarized in the following categories:
(2) All transactions posted to the accounts specified in subrule (1) of this rule shall be substantiated by adequate detailed documentation, including the following:
(3) If all funds are not utilized in eligible categories, unused funds shall be repaid to the department before any other payments for state programs are made by the department.
(4) For state auditing purposes, an association shall keep all records for not less than 4 years, and all records shall be made available at the time of audit. The audit will include an analysis of rentals. Once the cost of purchase and maintenance is exceeded, future rental payments will be disallowed.
