Texas Administrative Code
Title 26 - HEALTH AND HUMAN SERVICES
Part 1 - HEALTH AND HUMAN SERVICES COMMISSION
Chapter 356 - FAMILY VIOLENCE PROGRAM
Subchapter C - SPECIAL NONRESIDENTIAL PROJECTS
Division 3 - FISCAL MANAGEMENT
Section 356.1001 - Accounting System Requirements
Universal Citation: 26 TX Admin Code ยง 356.1001
Current through Reg. 49, No. 38; September 20, 2024
The contractor 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.
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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