§ 1008-15. Financial controls.

Latest version.

If the LICAP maintains funds in its exclusive custody and control or enters into any agreement providing for the payment of LICAP funds, it shall, consistent with the requirements of General Municipal Law § 239-h, engage a certified public accountant to complete an annual financial audit and audit of the internal control structure of the LICAP, a copy of which shall be included in the annual report:

A.
The LICAP shall file with the Nassau and Suffolk County Executives and the Nassau and Suffolk County Legislatures the terms and conditions of its employment/consultant agreements within 30 days of entering into such agreements; and

B.
The LICAP shall be subject to audit by the Nassau and Suffolk County Comptrollers. LICAP need not prepare such reports, if either county, on LICAP's behalf, engages a third party to perform work at the direction of LICAP or if either county hires employees to work on LICAP projects.

                    
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