Sec. 16.04.01.09. Annual Financial Statement

A. Statement Required. For each of the next 30 years after the receipt of a State grant under the Act, the facility for which the grant was made shall submit an annual certified financial statement to the Department.

B. Contents. The statement shall include, for the year covered:

(1) All personnel employed and all related salaries, remunerations, retainers, and other expenses;

(2) All other persons rendering services to the facility under contract or otherwise and all related payments, fees, retainers, and other expenses;

(3) All other expenses of the facility;

(4) A schedule of rates and fees charged for services provided by the facility and all income derived from those rates and fees;

(5) All grants, gifts, or endowments received;

(6) A statement of the days of service rendered to clients;

(7) A certified profit and loss statement and balance sheet; and

(8) Any other supplemental information that the Secretary requires.

C. Verification. The facility shall make its records available to representatives of the Department and its designated agents, such as the Department of Budget and Management or the Office of Legislative Audits, for verification of its annual statements.