[Code of Federal Regulations]
[Title 38, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 38CFR61.66]

[Page 946]
 
            TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF
 
          CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS (CONTINUED)
 
PART 61--VA HOMELESS PROVIDERS GRANT AND PER DIEM PROGRAM--Table of Contents
 
Sec. 61.66  Financial management.

    (a) All recipients shall comply with applicable requirements of the 
Single Audit Act Amendments of 1996, as implemented by OMB Circular A-
133.
    (b) All entities receiving assistance under this part must use a 
financial management system that follows generally accepted accounting 
principals and provides accounting records, including cost accounting 
records that are supported by documentation. Such cost accounting must 
be reflected in the entity's fiscal cycle financial statements to the 
extent that the actual costs can be determined for the program for which 
assistance is provided. All entities receiving per diem under this part 
must monitor the accuracy of the costs used to determine payment amounts 
per veteran. Entities receiving assistance must meet the applicable 
requirements of the appropriate OMB Circular for Cost-Principles (A-122 
or A-87).

(Authority: 38 U.S.C. 501, 2002, 2011, 2012, 2061, 2064, 7721 note)