Section 51.955. Records Retention.

  Each friends group that receives a grant award under this subchapter shall maintain accurate and complete financial records of project expenses for 4 years following final payment from the department in accordance with department reporting requirements. Each friends group shall perform accounting in accordance with generally accepted accounting principles and practices. Each sponsor shall submit a final accounting of project expenditures to the property manager within 90 days of the completion of the project or by the date indicated in the grant agreement, whichever is sooner. If the project is to provide for general operations or maintenance on the property, then with the approval of the department, the final accounting of project expenditures may consist of a year-end financial statement. If actual expenses for the project are less than estimated, the friends group shall return any unused grant funds it has received with the final report.

CR 10-127 : renum. from 51.994 (6) and am., cr. (title) Register February 2012 No. 674 , eff. 3-1-12.

Note

Copies of the department's financial reporting requirements and forms are available from the department property manager. Microsoft Windows NT 6.1.7601 Service Pack 1