Texas Administrative Code
Title 26 - HEALTH AND HUMAN SERVICES
Part 1 - HEALTH AND HUMAN SERVICES COMMISSION
Chapter 356 - FAMILY VIOLENCE PROGRAM
Subchapter B - SHELTER CENTERS
Division 3 - FISCAL MANAGEMENT
Section 356.301 - Accounting System Requirements

Universal Citation: 26 TX Admin Code ยง 356.301

Current through Reg. 49, No. 38; September 20, 2024

A center must maintain an accounting system and records that:

(1) records revenue and expenditures using generally accepted accounting principles;

(2) includes a chart of accounts that lists all accounts by an assigned number;

(3) contains a general ledger and subsidiary ledgers;

(4) maintains supporting documentation for all revenue and expenditures, including but not limited to:

(A) receipts or vouchers for revenue;

(B) bank statements reconciled to the general ledger bank accounts;

(C) canceled checks;

(D) deposit slips;

(E) approved invoices;

(F) receipts;

(G) leases;

(H) contracts;

(I) time sheets;

(J) inventory; and

(K) cost allocation worksheets;

(5) identifies all funding sources and expenditures by separate fund type; and

(6) uses a double-entry accounting system: either cash, accrual, or modified accrual.

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