---
kind: "section"
citation: "20 C.F.R. § 686.935"
title: "20"
number: "686.935"
heading: "What are the financial management responsibilities of Job Corps center operators and other service providers?"
url: "https://uscodex.org/cfr/20/686.935"
---

# §686.935. What are the financial management responsibilities of Job Corps center operators and other service providers?

- (a) 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.
- (b) **These financial management systems must—**
  - (1) Provide accurate, complete, and current disclosures of the costs of their Job Corps activities;
  - (2) Ensure that expenditures of funds are necessary, reasonable, allocable, and allowable in accordance with applicable cost principles;
  - (3) Use account structures specified by the Secretary;
  - (4) Ensure the ability to comply with cost reporting requirements and procedures issued by the Secretary; and
  - (5) Maintain sufficient cost data for effective planning, monitoring, and evaluation of program activities and for determining the allowability of reported costs.

## Notes

### 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.