404 Neb. Admin. Code, ch. 6, § 003

Current through June 17, 2024

Section 404-6-003 - FISCAL ACCOUNTABILITY

Each provider must have fiscal and budgetary financial systems that provide accounting for funds received from the Department. Fiscal accountability must be consistent with generally accepted accounting principles and standards acceptable to the Department.

003.01ACCOUNTING RECORDS. The provider must maintain accounting records that allow the provider to:

(A) Produce a complete annual financial report in a format specified by the Department;

(B) Provide copies of source documents and work papers;

(C) Maintain records for each employee that:

(i) Are prepared at the end of each pay period;

(ii) Show the employee's:

(1) Name;

(2) Position title or description;

(3) Gross salary;

(4) Taxes; and

(5) All other deductions or contributions;

(iii) Are the final, approved copies;

(iv) Document when personnel are compensated in whole or in part with room and board; and

(v) Show charges for employee benefits;

(D) Maintain itemized records of:

(i) Expenditures for technical assistance;

(ii) Cost of the operation of programs;

(iii) Rent;

(iv) Equipment leasing expenses; and

(v) Maintenance costs for facilities and services; and

(E) Maintain accounting records in sufficient detail to allow for the calculation of the cost of each service provided;

(F) Identify costs that are not allowed for consideration by Center for Medicaid and Childrens Health Insurance Program (CHIP) Services for rate setting purposes, including costs associated with the provision of room and board for participants; and

(G) Identify transactions between the provider and a related party.

404 Neb. Admin. Code, ch. 6, § 003

Amended effective 11/19/2022