Or. Admin. Code § 416-250-0070 - Basic Accounting Records
(1)
A service provider subject to audit under these rules will maintain a chart of
accounts that defines all items included in determining the cost for each
program. The chart of accounts will list all revenues and expense
accounts.
(2) The organization will
have bank deposit records and documentation to verify the source of revenue.
Revenue and expense accounts, with related asset, liability, and equity
accounts, will account for all expenditures related to delivery of the
program.
(3) All basic accounting
records will be retained for at least three years following the expiration of
the contract or from the finalization of an audit including any appeal,
whichever is later.
Notes
Stat. Auth.: ORS 420A.025
Stats. Implemented: ORS 420A.010
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