The following standards are mandatory:
(A) There exists an adequate system of budgeting and accounting which controls the fiscal operation of the CRC.
(B) Juveniles funds held by the CRC are controlled by generally accepted accounting procedures.
The following standards are recommended:
(A) A CRC shall not permit public funds to be paid or committed to be paid to any corporation, firm, association or business in which any of the members of the governing body of the CRC, the executive personnel of the CRC, or the members of the immediate family of members of the governing body or executive personnel have any direct or indirect financial interest, or in which any of these persons serve as an officer or employee, unless the services or goods involved are provided at a competitive cost or under terms favorable to the CRC. The CRC shall make a written disclosure of any financial transaction with the CRC in which a member of the board or his/her immediate family is involved.