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Board delegates discretion to staff on older financial statements, discusses 12-month rule and SOPs
Summary
The board voted to delegate authority to staff to approve renewals when applicants submit financial statements older than 12 months in cases with valid reasons, and discussed adopting a written 12-month policy (with discretionary exceptions) and the need for standard operating procedures after an internal audit.
At the March 25 meeting the Board for Licensing Contractors voted to delegate to staff the discretion to accept and approve contractor renewal applications that include financial statements older than 12 months when justified by circumstances.
Board staff explained that many applicants face timing issues during tax season and that accounting and audit timelines can delay reviewed or audited statements. Chris (director) told the board that…
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