Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENT
Part 1 - STANDARD GRANT ADMINISTRATIVE REQUIREMENTS
Section 1.90 - Financial Management Standards
Universal Citation: 47 IL Admin Code ยง 1.90
Current through Register Vol. 48, No. 12, March 22, 2024
The Grantee's financial management system shall be structured under the Accounting Standards of the Financial Accounting Standards Board of the American Institute of Certified Public Accountants (AICPA) (June 1984) to maintain control and accountability over program funds. In addition the Grantee shall keep records which detail the Grantee's expenditures of grant funds and accurately document the Grantee's Expenditure Summary and Payment Request forms submitted to the Department.
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