A center must maintain an accounting system and records that:
(1) records revenue and expenditures using generally accepted accounting principles;
(2) includes a chart of accounts that lists all accounts by an assigned number;
(3) contains a general ledger and subsidiary ledgers;
(4) maintains supporting documentation for all revenue and expenditures, including, but not limited to:
(5) identifies all funding sources and expenditures by separate fund type; and
(6) uses a double-entry accounting system, either cash, accrual, or modified accrual.
Source Note: The provisions of this §379.1701 adopted to be effective December 23, 2007, 32 TexReg 9335; amended to be effective September 1, 2013, 38 TexReg 4309