- A. The hospice program shall document financial resources to operate based on a working budget showing projected revenue and expenses. Hospice programs operating dedicated hospice facilities shall have financial resources to operate based on a separate working budget showing projected revenue and expenses.
- B. All financial records shall be kept according to generally accepted accounting principles (GAAP).
- C. All financial records shall be audited at least triennially by an independent certified public accountant or audited as otherwise provided by law.
- D. The hospice program shall have documented financial controls to minimize risk of theft or embezzlement.
Statutory Authority
§§ 32.1-12 and 32.1-162.5 of the Code of Virginia.
Historical Notes
Derived from Virginia Register Volume 21, Issue 23, eff. November 1, 2005.