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(a) In order for the CDQ team to monitor a CDP as required under 50 C.F.R. 679.30, a CDQ group shall submit to the CDQ team a quarterly report for each calendar quarter in which that group's CDP is in effect, and an annual report as described in (d) of this section. Each quarterly report must be submitted by the deadline stated in (b) of this section and must contain the information required by (c) of this section.
(b) A CDQ group shall submit a quarterly report to the CDQ team, to be received or postmarked on or before
(1) April 30 for a CDP in effect during the preceding January, February, or March;
(2) July 30 for a CDP in effect during the preceding April, May, or June;
(3) October 30 for a CDP in effect during the preceding July, August, or September; and
(4) January 30 for a CDP in effect during the preceding October, November, or December.
(c) A quarterly report submitted under this section must include
(1) information describing how, during the period covered by the report, the CDP group has met the milestones and objectives of the CDP as set out in the CDP;
(2) a year-to-date report of all CDQ harvesting and processing activities of the CDQ group;
(3) comprehensive financial statements if required by the CDQ team; a statement required under this paragraph must include, as applicable,
(A) a consolidated balance sheet;
(B) a consolidated income statement that clearly identifies, by CDQ project, revenue and expenditures;
(C) a cash flow statement; and
(D) financial statements for the CDQ group's subsidiaries;
(4) complete year-to-date data regarding training, education, and employment under the CDP, provided in a format specified by the CDQ team;
(5) minutes for any CDQ group board or directors meetings that were held during the quarter; and
(6) any other information that the CDQ team determines is necessary to carry out the state's role in the administration of the CDQ program; if the CDQ team requires additional information under this paragraph, the CDQ team shall notify the CDQ group in writing at least 15 days before the report is due.
(d) The quarterly reports submitted under this section for a calendar year are subject to an independent audit performed by a reputable accounting firm. The CDQ group's selection of an accounting firm is subject to the CDQ team approval. The independent audit constitutes a CDQ group's annual report and must be submitted by the CDQ group to the CDQ team, to be received or postmarked no later than May 31 of the year following the calendar year covered by the audit. The audit must include
(1) a report that indicates whether the CDQ group is meeting the milestones and objectives of the CDP as set out in its CDP; the CDP group shall meet with an auditor to develop agreed-upon procedures for the content of this report;
(2) consolidated financial statements, reported according to generally accepted accounting principles and, if determined necessary by the CDQ team, supplemental schedules reporting the financial position and results of operations for each of the CDQ group's consolidated for-profit subsidiaries classified in the CDP as a core CDQ project;
(3) a note to the financial statements in which the auditor details how financial results were determined and any other relevant information;
(4) a supplemental schedule detailing the CDQ group's general and administrative expenses;
(5) except for fund and cash management CDQ projects, a budget reconciliation between all CDQ projects and administrative budgets, and actual expenditures;
(6) a management report or letter; and
(7) any other information that the CDQ team determines is necessary to carry out the state's role in the administration of the CDQ program; if the CDQ team requires additional information under this paragraph, the CDQ team shall notify the CDQ group in writing at least 15 days before the group's annual report is due.
(e) In this section, "postmarked" means the
(1) United States Postal Service postmark;
(2) the date of placement with a courier-type delivery service as evidenced on the shipping documents;
(3) the date the document is delivered to the CDQ team by facsimile; or
(4) the date the document is delivered to the CDQ team by electronic mail.
History: Eff. 11/18/92, Register 124; am 4/10/93, Register 126; am 8/13/94, Register 131; am 1/1/98, Register 144; am 8/19/99, Register 151
Authority: Ak. Const., art. III,
sec. 1
Ak. Const., art. III,
sec. 24
AS 44.33.020 (11)
Editor's note: The mailing address for the CDQ team is set out in the editor's note at 6 AAC 93.015.
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Last modified 7/05/2006