Rules & Regulations of the State of Tennessee
Title 0250 - Children's Services
Subtitle 0250-04 - Standards for Regulated Institutions
Chapter 0250-04-10 - Standards for Runaway House Agencies
Section 0250-04-10-.04 - FINANCING

Universal Citation: TN Comp Rules and Regs 0250-04-10-.04

Current through September 24, 2024

(1) Income shall be adequate and stable to insure the effective operation of the program to which the agency is committed.

(2) A budgetary estimate showing details of anticipated income and expenditures for the coming year shall be approved by the board before the beginning of each fiscal year. The estimate shall be made available to the Department.

(3) Financial accounts shall be audited biennially by a certified public accountant or a licensed public accountant. A copy of the audit shall be made available to the Department.

(4) The administrator and others handling the agency's funds shall be appropriately bonded.

Authority: T.C.A. §§ 4-5-226(b)(2);37-5-101; 37-5-105; 37-5-106; 37-5-112(a); 37-1604 and 37-1605.

Disclaimer: These regulations may not be the most recent version. Tennessee 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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