R2020-02 Resolution Authorizing an Agreement between the City of Decatur and IPHCA for a 2020 Census Grant

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Agreement No.q�CYZ03066 FY.2020 (ii) If,during its fiscal year,Grantee expends less than$500,000 in Federal and state Awards,singularly or in any combination,from all sources,but expends$300,000 or more in Federal and state Awards,singularly or in any combination,from all sources,Grantee must have a financial statement audit conducted in accordance with the Generally Accepted Auditing Standards(GAAS). (iii) If 6rantee is a Local Education Agency(as defined in 34 CFR 77.1),Grantee shall have a financial statement audit conducted in accordance with GAGAS,as required by 23 III. Admin.Code 100.110,regardless of the dollar amount of expenditures of Federal and state Awards. (iv) If Grantee does not meet the requirements in subsections 15.2(b)and 15.2(c)(i- iii)but is required to have a financial statement audit conducted based on other regulatory requirements,Grantee must submit those audits for review. (v) Grantee must submit its financial statement audit report packet,as set forth in 44 III.Admin.Code 7000.90(h)(2)and the current GATA audit manual,to the Grantee Portal within the earlier of(i)30 calendar days after receipt of the auditor's report(s)or(ii)6 months after the end of the Grantee's audit period. 15.3. "For-Profit" Entities. (a) This Paragraph applies to Grantees that are"for-profit"entities. (b) Program-Specific Audit. If,during its fiscal year,Grantee expends$750,000 or more in Federal Awards(direct federal and federal pass-through awards),from all sources,Grantee is required to have a program-specific audit conducted in accordance with 2 CFR 200.507.The auditor must audit Federal programs with Federal Awards expended that,in the aggregate,cover at least 50 percent(0.50)of total Federal Awards expended. The audit report packet must be completed as described in 2 CFR 200.507(program-specific audit),44 III.Admin.Code 7000.90 and the current GATA audit manual,and must be submitted to the Grantee Portal. The due date of all required submissions set forth in this Paragraph is the earlier of(i)30 calendar days after receipt of the auditor's report(s)or(ii)nine(9) months after the end of the Grantee's audit period. (c) Financial Statement Audit. If,during its fiscal year,Grantee expends less than$750,000 in Federal Awards and state Awards,singularly or in any combination,from all sources,Grantee must follow all of the audit requirements in Paragraphs 15.2(c)(i)-(v),above. (d) Publicly-Traded Entities.If Grantee is a publicly-traded company,Grantee is not subject to the single audit or program-specific audit requirements,but is required to submit its annual audit conducted in accordance with its regulatory requirements. 15.4. Performance of Audits. For those organizations required to submit an independent audit report, the audit is to be conducted by a Certified Public Accountant or Certified Public Accounting Firm licensed in the state of Illinois or in accordance with Section 5.2 of the Illinois Public Accounting Act(225 ILCS 450/5.2). For all audits required to be performed subject to Generally Accepted Government Auditing standards or Generally Accepted Auditing standards,Grantee shall request and maintain on file a copy of the auditor's most recent peer review report and acceptance letter. Grantee shall follow procedures prescribed by Grantor for the preparation and submission of audit reports and any related documents. 15.5. Delinquent Reports. Grantee should refer to the State of Illinois Grantee Compliance Enforcement System for the policy and consequences for late reporting.44 III.Admin.Code 7000.80. State Of Illinois. GRANT AGREEMENT FISCAL YEAR 2020/1 14 19 Published Revision: 2019.12.16.14.30.54 613 Page: 18 of 44