Each grant recipient shall appoint a finance officer who must be someone other than the Executive Director and who is responsible for the organization's financial affairs. The duties of the finance officer shall include:

1. (1) Maintaining the accounts in accordance with generally accepted principles applicable for the type of grant recipient.
2. (2) Disbursing all funds in compliance with the budget or financial plan.
3. (3) Receiving and depositing all moneys received by the organization or supervise the receipt and deposit of money by other duly authorized employees.

History Note: Authority G.S. 143B‑10; 143B‑276; 143B‑277; 143‑323(d);
Eff. December 1, 1983;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. April 25, 2015.