Agencies must maintain a financial management system to account for revenues and expenditures of the food service program and to justify claims for reimbursement. The department requires

authorized representatives of participating child care facilities to annually file a nonprofit status report to document that the center is maintaining a nonprofit financial status. Nonprofit status is further defined as an ending balance that does not exceed the value of three months of operating expenses.

History: Effective February 1, 2000.

General Authority: NDCC 15.1-35-03, 15.1-35-05, 28-32-02

Law Implemented: NDCC 15.1-35-03, 15.1-35-05; 7 CFR 226.8; 7 CFR 226.15; 7 CFR 226.16