Local authorities or their contractors or both must comply with the following fiscal management obligations for all funds supported by Act 63:

1. (1) Create and maintain a separate set of records which accounts for all financial transactions.
2. (2) Develop and utilize a group of accounts to adequately classify and summarize financial activities. Such accounts shall facilitate the reporting of data required by the Council.
3. (3) Use generally accepted accounting principles and procedures for recording of financial activity.
4. (4) Jointly record and administer the receipt and disbursement of all funds from the drug and alcohol program account.
5. (5) Maintain appropriate documents and supporting evidence to substantiate all financial activity.
6. (6) Use all fiscal reporting forms and procedures as prescribed by the Council.
7. (7) Obtain an independent public accountant for such audits as shall be required by the Council.
8. (8) Present all records of financial activity which are subject to inspection and audit to State and Federal auditors and other persons duly authorized by the Council.
9. (9) Maintain all records and documents for a period of 4 years.