Oklahoma Administrative Code › Title 612 - State Department of Rehabilitation Services › Chapter 25 - Business Enterprise Program › Subchapter 6 - Licensed Managers and Business Enterprise Operation › Part 3 - BUSINESS ENTERPRISES › Section 612:25-6-22 - Monthly reports

Current through Vol. 41, No. 20, July 1, 2024
(a)
Content
				  and when due.
Licensed managers must submit monthly business enterprise
				  financial reports to the SLA. Reports will contain data on gross sales,
				  merchandise purchases, payroll expense, business expense and other information
				  determined necessary to reflect business financial status and calculate
				  licensed manager set-aside, retirement and/or merchandise loan payments. The
				  monthly reports shall be for the following time period: the sixteenth (16th)
				  day of the previous calendar month to the fifteenth (15th) day of the current
				  calendar month. Monthly reports and payments due, if required, are due in the
				  BEP office on or before the 25th of the current calendar month. If the 25th
				  falls on a weekend, the monthly report is due in the BEP office no later than
				  the close of business on the last business day prior to the 25th. Monthly
				  reports may be mailed to the BEP office. To be considered on time, they must be
				  postmarked by the 21st of the month for regular mail or the 22nd for overnight
				  mail. If these dates fall on a day where the post office is closed, they must
				  be postmarked the day before. The BEP shall notify the manager on the first
				  business day following the 25th if the report is not received. The BEP will
				  review each monthly report for mathematical errors, correct loan payment,
				  correct set-aside payment, approved business expenses, and other factors that
				  will affect the accuracy of the report. The business consultant will sign the
				  report indicating that the report is correct, correct payments are attached (if
				  required), and all items in question have been discussed with the licensed
				  manager.
(b)
Failure to file
				  in a timely manner.
If the accurate monthly report and correct payment
				  due, if applicable, are not received in the BEP office by the due date, the
				  licensed manager will be placed on probation. If the 1st and second reports are
				  not received by the time the 3rd report is due, the licensed manager's
				  agreement will be canceled and the BEP licenses will be suspended. Failure to
				  file monthly reports in a timely manner three or more times within any twelve
				  month period will result in formal disciplinary action.
(c)
Fee for reports.
The Agency
				  maintains records for its use and may charge a reasonable fee to supply copies
				  of records to individuals. The agency will supply copies of lost reports or
				  other documents at 25 cents per page.
(d)
Timely submission.
Receipt
				  of an accurate monthly report and correct payment, if applicable, on or before
				  the due date in the BEP office.
(e)
Returned Checks.
An insufficient fund check will be assessed a
				  $50.00 fee.
Added at 14 Ok Reg
					 1472, eff 7-1-97; Amended at 19 Ok Reg 1838, eff 7-1-02; Amended at 29 Ok Reg
					 1447, eff 7-1-12