5139-35-04 Fiscal management.

The following standards are recommended:

(A) There exists an adequate system of budgeting and accounting which controls the fiscal operation of the CRC and the personal funds of residents.

(B) 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.

R.C. 119.032 review dates: 08/14/2009 and 08/14/2014

Promulgated Under: 111.15

Statutory Authority: 5139.04

Rule Amplifies: 5139.04

Prior Effective Dates: 12/11/88