§686.935. What are the financial management responsibilities of Job Corps center operators and other service providers?
20 C.F.R. § 686.935
Center operators and other service providers must manage Job Corps funds using financial management information systems that meet the specifications and requirements of the Secretary.
These financial management systems must—
Provide accurate, complete, and current disclosures of the costs of their Job Corps activities;
Ensure that expenditures of funds are necessary, reasonable, allocable, and allowable in accordance with applicable cost principles;
Use account structures specified by the Secretary;
Ensure the ability to comply with cost reporting requirements and procedures issued by the Secretary; and
Maintain sufficient cost data for effective planning, monitoring, and evaluation of program activities and for determining the allowability of reported costs.
Notes, amendments, and revision history
Authority
Authority: Secs. 142, 144, 146, 147, 159, 189, 503, Pub. L. 113-128, 128 Stat. 1425 (Jul. 22, 2014).
Source
Source: 81 FR 56443, Aug. 19, 2016, unless otherwise noted.