Rule 2.8. Partner Provider Finances – The governing body and the executive director are responsible for the prudent use of the funds of the facility or Partner Provider. The Partner Provider must have the capital necessary for a six-month (6) period of operation. None of these funds may be direct state funds.

To receive state funding for service provision, the Partner Provider must be approved through the MDCPS Request for Proposal (RFP) process. The Partner

Provider must prepare a written budget annually. Twenty-five percent (25%) of the projected budget resources must be in the Partner Provider's name and may not be direct state funds.

The Partner Provider must have financial records audited annually by an independent certified public accountant or by the appropriate government auditing authority.

Source: Miss. Code Ann. §§ 43-15-105, 107; 31-7-401 et seq

Chapter 3 LICENSURE REQUIREMENTS