8F.4 REPORTING REQUIREMENTS.
1. a. As a condition of continuing to receive state or
federal moneys through an oversight agency for a service contract, a
recipient entity shall file an annual report with the oversight
agency and with the legislative services agency within ten months
following the end of the recipient entity's fiscal year.
b. However, the annual report shall not be required to be
filed under any of the following circumstances:
(1) The recipient entity reports information otherwise required
to be included in an annual report described in subsection 2 to the
oversight agency pursuant to federal or state statutes or rules. The
information otherwise required to be reported to the oversight agency
shall be filed with the legislative services agency.
(2) The recipient entity is recognized by the Internal Revenue
Code as a nonprofit organization or entity and provides a copy of the
internal revenue service form 990 for all fiscal years in which
service contract revenues are reported.
2. The annual report required to be filed pursuant to this
section shall contain the following:
a. Financial information relative to the expenditure of state
and federal moneys for the prior year pursuant to the service
contract. The financial information shall include but is not limited
to budget and actual revenue and expenditure information for the year
covered.
b. Financial information relating to service contracts with
the oversight agency during the preceding year, including the costs
by category to provide the contracted services.
c. Reportable conditions in internal control or material
noncompliance with provisions of laws, rules, regulations, or
contractual agreements included in external audit reports of the
recipient entity covering the preceding year.
d. Corrective action taken or planned by the recipient entity
in response to reportable conditions in internal control or material
noncompliance with laws, rules, regulations, or contractual
agreements included in external audit reports covering the preceding
year.
e. Any changes in the information submitted in accordance
with section 8F.3.
f. A certification signed by an officer and director of the
recipient entity, two directors of the recipient entity, or the sole
proprietor of the recipient entity, whichever is applicable, stating
the annual report is accurate and the recipient entity is in full
compliance with all laws, rules, regulations, and contractual
agreements applicable to the recipient entity and the requirements of
this chapter.
3. A recipient entity shall be required to submit such
information as requested by the oversight agency or the legislative
services agency relating to the entity's expenditure of state and
federal moneys.
Section History: Recent Form
2006 Acts, ch 1153, §4, 9
Footnotes
Section applies to service contracts entered into or renewed by an
oversight agency on or after October 1, 2006; 2006 Acts, ch 1153, §9
8F.4 REPORTING REQUIREMENTS.
1. a. As a condition of continuing to receive state or
federal moneys through an oversight agency for a service contract, a
recipient entity shall file an annual report with the oversight
agency and with the legislative services agency within ten months
following the end of the recipient entity's fiscal year.
b. However, the annual report shall not be required to be
filed under any of the following circumstances:
(1) The recipient entity reports information otherwise required
to be included in an annual report described in subsection 2 to the
oversight agency pursuant to federal or state statutes or rules. The
information otherwise required to be reported to the oversight agency
shall be filed with the legislative services agency.
(2) The recipient entity is recognized by the Internal Revenue
Code as a nonprofit organization or entity and provides a copy of the
internal revenue service form 990 for all fiscal years in which
service contract revenues are reported.
2. The annual report required to be filed pursuant to this
section shall contain the following:
a. Financial information relative to the expenditure of state
and federal moneys for the prior year pursuant to the service
contract. The financial information shall include but is not limited
to budget and actual revenue and expenditure information for the year
covered.
b. Financial information relating to service contracts with
the oversight agency during the preceding year, including the costs
by category to provide the contracted services.
c. Reportable conditions in internal control or material
noncompliance with provisions of laws, rules, regulations, or
contractual agreements included in external audit reports of the
recipient entity covering the preceding year.
d. Corrective action taken or planned by the recipient entity
in response to reportable conditions in internal control or material
noncompliance with laws, rules, regulations, or contractual
agreements included in external audit reports covering the preceding
year.
e. Any changes in the information submitted in accordance
with section 8F.3.
f. A certification signed by an officer and director of the
recipient entity, two directors of the recipient entity, or the sole
proprietor of the recipient entity, whichever is applicable, stating
the annual report is accurate and the recipient entity is in full
compliance with all laws, rules, regulations, and contractual
agreements applicable to the recipient entity and the requirements of
this chapter.
3. A recipient entity shall be required to submit such
information as requested by the oversight agency or the legislative
services agency relating to the entity's expenditure of state and
federal moneys.
Section History: Recent Form
2006 Acts, ch 1153, §4, 9
Footnotes
Section applies to service contracts entered into or renewed by an
oversight agency on or after October 1, 2006; 2006 Acts, ch 1153, §9
8F.4 REPORTING REQUIREMENTS.
1. a. As a condition of continuing to receive state or
federal moneys through an oversight agency for a service contract, a
recipient entity shall file an annual report with the oversight
agency and with the legislative services agency within ten months
following the end of the recipient entity's fiscal year.
b. However, the annual report shall not be required to be
filed under any of the following circumstances:
(1) The recipient entity reports information otherwise required
to be included in an annual report described in subsection 2 to the
oversight agency pursuant to federal or state statutes or rules. The
information otherwise required to be reported to the oversight agency
shall be filed with the legislative services agency.
(2) The recipient entity is recognized by the Internal Revenue
Code as a nonprofit organization or entity and provides a copy of the
internal revenue service form 990 for all fiscal years in which
service contract revenues are reported.
2. The annual report required to be filed pursuant to this
section shall contain the following:
a. Financial information relative to the expenditure of state
and federal moneys for the prior year pursuant to the service
contract. The financial information shall include but is not limited
to budget and actual revenue and expenditure information for the year
covered.
b. Financial information relating to service contracts with
the oversight agency during the preceding year, including the costs
by category to provide the contracted services.
c. Reportable conditions in internal control or material
noncompliance with provisions of laws, rules, regulations, or
contractual agreements included in external audit reports of the
recipient entity covering the preceding year.
d. Corrective action taken or planned by the recipient entity
in response to reportable conditions in internal control or material
noncompliance with laws, rules, regulations, or contractual
agreements included in external audit reports covering the preceding
year.
e. Any changes in the information submitted in accordance
with section 8F.3.
f. A certification signed by an officer and director of the
recipient entity, two directors of the recipient entity, or the sole
proprietor of the recipient entity, whichever is applicable, stating
the annual report is accurate and the recipient entity is in full
compliance with all laws, rules, regulations, and contractual
agreements applicable to the recipient entity and the requirements of
this chapter.
3. A recipient entity shall be required to submit such
information as requested by the oversight agency or the legislative
services agency relating to the entity's expenditure of state and
federal moneys.
Section History: Recent Form
2006 Acts, ch 1153, §4, 9
Footnotes
Section applies to service contracts entered into or renewed by an
oversight agency on or after October 1, 2006; 2006 Acts, ch 1153, §9
