Oregon Administrative Rules
Chapter 419 - OFFICE OF TRAINING, INVESTIGATIONS AND SAFETY
Division 400 - CHILD-CARING AGENCY LICENSING UMBRELLA RULES
Section 419-400-0050 - Licensing Umbrella Rules: Financial Management
Current through Register Vol. 63, No. 3, March 1, 2024
(1) Budget. A child-caring agency must operate under an annual line-item budget, showing planned expenditures and sources of income, which has been approved by the governing board as the plan for management of its funds, and provide a copy to the Department as required by OAR 419-400-0210 and upon request.
(2) Funding. The annual budget of a licensee must document that the licensee has sufficient funds to meet the requirements of licensure, to operate the programs the licensee is licensed to operate, and to provide the services the licensee has stated the child-caring agency will provide.
(3) Fiscal accountability.
(4) A child-caring agency that is a nonprofit corporation must comply with the requirements of ORS 128.610 to 128.769.
(5) Insurance. A child-caring agency must at all times maintain each of the following:
Statutory/Other Authority: ORS 409.050, ORS 418.005, ORS 418.255 & ORS 418.240
Statutes/Other Implemented: ORS 418.205 - 418.327