OAR 581-030-0300: Approved Recovery School Financial Management System and Audit

(1) The financial management system of an approved recovery school must include a budget and accounting system that: (a) Complies with the requirements of the uniform budget and accounting system adopted by rule of the State Board of Education under ORS 327.511; and (b) Complies with the Oregon Program budgeting and Accounting Manual published by the Oregon Department of Education. (2) An approved recovery school shall maintain financial records that include all funding sources, expenditures, assets, and liabilities related to the operation of the approved recovery school minimally including: (a) Public funds received from the Oregon Department of Education; (b) Grants received from public or private grantors; (c) Donations; (d) In kind services or donations; (e) Loans or other financial debts; (f) Student accounts; and (g) Any other records necessary for complete and transparent accounting for the approved recovery school.