SECTION 41.339. Records

(a) An FMSA must maintain records to support claims submitted to HHSC and payments received from HHSC.

(b) An FMSA must, in accordance with generally accepted accounting principles and HHSC requirements, document and maintain financial records, including:

(1) deposit slips, bank statements, cancelled checks, and receipts;

(2) purchase orders;

(3) invoices;

(4) journals and ledgers;

(5) time sheets, payroll, and tax records;

(6) records, forms, and reports required by the Internal Revenue Service, the Texas Workforce Commission, and other applicable government agencies;

(7) insurance coverage related to staff persons, including claims and payments;

(8) equipment inventory records;

(9) the FMSA's internal accounting procedures; and

(10) chart of accounts.

(c) An FMSA must retain in an employer's record an initial intake report and a final investigative report received from HHSC and a completed HHSC Form 1719.

Source Note: The provisions of this §41.339 adopted to be effective January 1, 2007, 31 TexReg 10352; amended to be effective September 1, 2014, 39 TexReg 6604; amended to be effective October 1, 2019, 44 TexReg 5074