Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 1085 - GROW YOUR OWN TEACHER GRANTS
Section 1085.110 - Audit Requirements for Grants Awarded by Grow Your Own Illinois
Universal Citation: 23 IL Admin Code ยง 1085.110
Current through Register Vol. 48, No. 38, September 20, 2024
a) To fulfill the audit requirements of this Part, the grantees shall contract with an external auditor who is a certified public accountant licensed by DFPR to perform an audit as specified in subsection (b).
b) The external auditor shall:
1) Receive a copy of the application for a
grant, the executed Grant Agreement, and this Part;
2) Verify the expenditure of funds as
provided for in this Part, and ensure that funds were expended on authorized
expenditures listed in the Grant Agreement; and
3) Provide an audit report to GYOI including
a description of the tests performed and the audit findings.
c) In the event that an audit or other evidence establishes that an overpayment was made to a grantee, a reimbursement to GYOI shall be required. A reimbursement is required in the following situations:
1) Grant funds were not
expended within the grant period; or
2) Grant funds were expended for purposes not
authorized under the Grant Agreement.
d) In the event that no audit is submitted, a grantee shall reimburse GYOI for the total amount of the grant.
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