§1085.110. Audit Requirements for Grants Awarded by Grow Your Own Illinois

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.

 

(Source:  Amended at 44 Ill. Reg. 11419, effective June 24, 2020)