New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 90A - JUVENILE FUNDS AND GIFTS TO THE COMMISSION
Subchapter 3 - GIFTS TO THE COMMISSION AND EXPENDITURE OF JUVENILE WELFARE FUNDS
Section 13:90A-3.6 - Accounting and security of gifts of money or material

Universal Citation: NJ Admin Code 13:90A-3.6

Current through Register Vol. 56, No. 18, September 16, 2024

(a) Assets and monies received as gifts shall be recorded by the Chief Fiscal Officer or business manager, as appropriate, in accordance with applicable requirements governing fixed assets inventory records.

(b) The Director of Administration or designee shall ensure that adequate accounting and security controls are in place to safeguard gifts of money and other assets from theft and misuse, and provide an appropriate accounting of all gifts received.

(c) At the close of every fiscal year, in a form to be determined by the Executive Director or designee, the Chief Fiscal Officer shall prepare and submit to the Director of Administration an annual report detailing gifts received during the fiscal year, and the progress of projects funded by those gifts and gifts from prior years.

1. The annual report shall include all gifts in excess of $ 100.00 dollars, provided, however, that gifts of lower amounts received on multiple occasions from a single donor shall be reported when the total amount of all such gifts exceeds $ 100.00.

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