Oklahoma Administrative Code
Title 340 - Department of Human Services
Chapter 105 - Aging Services
Subchapter 10 - Policies and Procedures Manual for Title III of the Older Americans Act of 1965, as Amended
Part 9 - FISCAL AND ADMINISTRATIVE POLICIES FOR AREA AGENCIES ON AGING AND TITLE III PROJECTS
Section 340:105-10-114 - Financial management standards for area agencies on aging and Title III projects
Current through Vol. 42, No. 1, September 16, 2024
(a) Policy. Each area agency on aging (AAA) and Title III project maintains an accounting system that is in compliance with generally accepted accounting principles. All Title III funds and state and local funds expended to earn or match such funds must be accounted for in accordance with the federal standards outlined in the authorities listed in (b) of this Section.
(b) Authority. The authority for this Section is Part 74 of Title 45 of the Code of Federal Regulations and Federal Register Office of Management and Budget (OMB) Circulars A-87 and A-122.
(c) Procedures. AAAs and Title III projects implement financial management standards in accordance with the federal standards outlined in the authorities in (b) of this Section.
(d) Cross references. See OAC 340:105-10-115 and 340:105-10-116.
Added at 11 Ok Reg 673, eff 11-29-93 (emergency); Added at 11 Ok Reg 2771, eff 6-13-94; Amended at 19 Ok Reg 1170, eff 5-13-02; Amended at 23 Ok Reg 393, eff 11-8-05 (emergency); Amended at 23 Ok Reg 1062, eff 7-15-06; Amended at 24 Ok Reg 1325, eff 6-1-07
