§ 87213 — Finances

The licensee shall have a financial plan that conforms to the requirements of Section 87155, Application for License, and that assures sufficient resources to meet operating costs for care of residents; shall maintain adequate financial records; and shall submit such financial reports as may be required upon the written request of the licensing agency.  Such request shall explain the need for disclosure.  The licensing agency reserves the right to reject any financial report and to request additional information or examination, including interim financial statements.

NOTE:  Authority cited:  Section 1569.30, Health and Safety Code.  Reference:  Sections 1569.1, 1569.2 and 1569.15, Health and Safety Code.