<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.scc029afa-e6d4-4f96-8746-96679a4d9c2bP0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.scc029afa-e6d4-4f96-8746-96679a4d9c2bC0 { background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000001 { background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scc029afa-e6d4-4f96-8746-96679a4d9c2b000002 { background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.scc029afa-e6d4-4f96-8746-96679a4d9c2bP0-000004 { margin-top: 0; line-height: 115.0%; margin-bottom: 10pt; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: left; background: white; font-family: Calibri; font-size: 11pt; } span.scc029afa-e6d4-4f96-8746-96679a4d9c2b000005 { background: white; font-size: 11pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=67:61:04:05"><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000000">67</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000000">:</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000000">61</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000000">:</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000000">04</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000000">:</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000000">05</span></a><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000001">.  Accounting systems, cost reporting, and annual audit.</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">Each</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> agency shall maintain an accounting system pursuant to generally accepted</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">accounting principles. If requested by the department, the agency shall submit to the</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">department a copy of an annual entity-wide, independent financial audit. The audit </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">must</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> be</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">completed and filed with the department by the end of the fourth month following the end</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">of the fiscal year being audited.</span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2b000002"> </span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">    </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">Each audit must</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> contain, as part of the supplementary information, a cost report as</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">outlined by the department. If applicable, the audit </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">must</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> be conducted in accordance with</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">2 C.F.R. Part 200, Subpart F, in effect on August 13, 2020.</span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2b000002"> </span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">    </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">In the case of</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> an entity-wide, independent financial audit or </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">a single</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> audit, the agency</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">shall </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">ensure the</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> resolution of all interim audit findings. The agency shall facilitate and aid any</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">reviews, examinations, and agreed</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">-</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">upon procedures the department or any contractor</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">may perform.</span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2b000002"> </span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">    </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000001">Source:</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">43</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> SDR </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">80</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">, effective </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">December 5, 2016; 50 SDR 63, effective November 27, 2023</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">.</span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">    </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000001">General Authority:</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-36-25"><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000003">1-36-25</span></a><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=34-20A-27"><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000003">34-20A-27</span></a><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">.</span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">    </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000001">Law Implemented:</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=34-20A-27"><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000003">34-20A-27</span></a><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">.</span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2b000002"> </span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">    </span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000001">Cross </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0-000001">Reference:</span><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0"> </span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">Single audit, 2 C.F.R. § 200.501(b)</span><span class="scc029afa-e6d4-4f96-8746-96679a4d9c2bC0">.</span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2b000002"> </span></p><p dir="ltr" class="scc029afa-e6d4-4f96-8746-96679a4d9c2bP0-000004"><span xml:space="preserve" class="scc029afa-e6d4-4f96-8746-96679a4d9c2b000005"> </span></p></div></body></html>