N.J. Admin. Code § 10A:2-9.11

Current through Register Vol. 56, No. 18, September 16, 2024

Section 10A:2-9.11 - Reports of gifts of money or material

(a) The Administrator and unit supervisor or designee shall ensure that all assets obtained as gifts be recorded in accordance with current State of New Jersey, Department of Treasury policy regarding Fixed Assets Inventory Records.

(b) The Administrator or unit supervisor or designee shall implement and maintain an adequate control system to safeguard gifts of money and other assets from theft and misuse, and provide an appropriate accounting of all gifts received.

(c) Administrators and unit supervisors shall complete and attach the Monthly Report Of Gifts Received to their monthly reports that shall include a list of all gifts of money or material received having a value of $ 100.00 or more along with the conditions, limitations, or restrictions placed by the donor(s) on the use of such gifts.

(d) If gifts of money in amounts that are less than $ 100.00 are received on several occasions during the calendar year from the same source, the total amount from the donor shall be reported when it equals or exceeds $ 100.00.

(e) As a part of the Annual Report to the Assistant Commissioner, Administrators and unit supervisors shall report on the Annual Report Of Gifts Received all gifts received during the fiscal year and the progress of projects funded by these gifts.

N.J. Admin. Code § 10A:2-9.11

Amended by 50 N.J.R. 1964(a), effective 9/4/2018