(a) Regular audits of selected political subdivisions
may be performed if the necessary funds and personnel are available
to the department.
(b) The department has the discretion to decide how
and when to select political subdivisions for regular audits. Regular
audits may be performed for any year for which a distribution was
made under the agreement.
(c) At the department's discretion, the department
may perform the regular audits, contract with outside auditors to
perform the regular audits, or contract with another state agency
to perform the regular audits.
(d) A regular audit may include a review of any audit
or financial statement of the political subdivision performed by persons
other than the department. A political subdivision being audited by
the department shall make available to the department or its contractor
such an audit, financial statement, or other supporting documentation
at the department's or its contractor's request.
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Source Note: The provisions of this §102.4 adopted to be effective February 3, 2000, 25 TexReg 579; amended to be effective November 20, 2003, 28 TexReg 10225; amended to be effective December 30, 2007, 32 TexReg 9631; amended to be effective October 7, 2012, 37 TexReg 7752 |