Texas Administrative Code
Title 1 - ADMINISTRATION
Part 15 - TEXAS HEALTH AND HUMAN SERVICES COMMISSION
Chapter 376 - REFUGEE SOCIAL SERVICES
Subchapter B - CONTRACTOR REQUIREMENTS
Section 376.209 - What accounting requirements must the contractor meet?
Universal Citation: 1 TX Admin Code ยง 376.209
Current through Reg. 49, No. 38; September 20, 2024
Each contractor must:
(1) maintain an accounting system that records revenues and expenditures using generally accepted accounting principles as recognized by the American Institute of Certified Public Accountants;
(2) follow Texas Department of Human Services (DHS) financial management policies and procedures for maintaining fiscal records, including:
(A) maintain a chart of accounts that
includes all accounts using an assigned number;
(B) maintain a general ledger;
(C) maintain supporting documentation of
expenses, including but not limited to:
(i)
receipts or vouchers for incoming cash;
(ii) bank statements;
(iii) canceled checks (if provided by
bank);
(iv) deposit
slips;
(v) approved
invoices;
(vi) receipts or vouchers
for purchases;
(vii)
leases;
(viii) contracts;
(ix) time sheets;
(x) inventory;
(xi) written cost allocation methodology;
and
(xii) cost allocation
worksheets; and
(D)
identify all funding sources and expenditures by separate fund type.
Disclaimer: These regulations may not be the most recent version. Texas 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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