Agenda Packets - 1988/03/07 - Laserfiche WebLink

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13. Cash payments shall not o intended recipients or to program personnel. 14. Grant funds shall not be used for purchase or improvement of land or fa - CI litles. 15. Grant funds shall not be used for purchase of equipment costing more than $300.00 and with a useful life exceeding one (1) year. 16. The agency will comply with all standards relating to fiscal account- ability that apply to the Minnesota Department of Public Safety specifi- cally: a. Budget revisions with justification will be sunitted tl he Execu- tivo Director of the Children's Trust Fund for prior approval whenev3r changes are made in the objectives to be met in the child abuse and neglect prevention program. -W An expenditure report will be completed and filed with the Chil- dren's Trust Fund no later than 15 days following the end of each grant year usr2.;r. c. Program funds dra used as payment for services only after - thlyd-party paysonts, or private fnsur&.:e are utilfzed. (f d. Program financial management systems will provide for: (1) accurate, current, and complete disclosure of the financial status of the program. (2) records which identify adequately the source and application of funds for program acftivites. These records are to - contain information pertaining to program awards and aaeno- _ rizations, obligations, unobligated balances, liabilities (encumbrances), outlays, and income. (3) effective r��+r_7 ^ ^. t`a aCCGunCauiiity for all funds, property and other assets. Program applicants are to ade- quately safeguard such assets and assure that they are used solely for authorized purposes. (4) comparison of actual obligations with budget amounts for each activity. (5) accounting records which are supported by source documenta- tion. (6) audits which will he made by or at the direr n of the Min- nesota Department of Public Safety, the Leg,s,ativo Auditor, or any independent auditor designated by the grantor. The grantor, or its auditor designee, shall have access to the grantee's records during reasonable office hours, as may be necessary to conduct an audit.