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R2022-46 Resolution Authorizing Acceptance of Intergovernmental Grant Agreement Between the State of Illinois Department of Commerce and Economic Opportunity and the City of Decatur, Illinois
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R2022-46 Resolution Authorizing Acceptance of Intergovernmental Grant Agreement Between the State of Illinois Department of Commerce and Economic Opportunity and the City of Decatur, Illinois
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1/24/2023 5:07:43 PM
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3/22/2022 4:45:42 PM
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Resolution/Ordinance
Res Ord Num
R2022-46
Res Ord Title
R2022-46 Resolution Authorizing Acceptance of Intergovernmental Grant Agreement Between the State of Illinois Department of Commerce and Economic Opportunity and the City of Decatur, Illinois
Department
Finance
Approved Date
3/21/2022
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Agreement No 21-203195 <br /> "FAIN" means the Federal Award Identification Number. <br /> "FFATA" or "Federal Funding Accountability and Transparency Act" has the same meaning as in 31 USC <br /> 6101; P.L. 110-252. <br /> "Financial Assistance"has the same meaning as in 44 III.Admin.Code 7000.30. <br /> "Fixed-Rate" has the same meaning as in 44 III. Admin. Code 7000.30. "Fixed-Rate" is in contrast to fee- <br /> for-service,44 III.Admin.Code 7000.30. <br /> "GATU"means the Grant Accountability and Transparency Unit of GOMB. <br /> "Generally Accepted Accounting Principles" or"GAAP"has the same meaning as in 2 CFR 200.1. <br /> "GOMB" means the Illinois Governor's Office of Management and Budget. <br /> "Grant Funds"means the Financial Assistance made available to Grantee through this Agreement. <br /> "Grantee Portal"has the same meaning as in 44 III.Admin.Code 7000.30. <br /> "Improper Payment"has the same meaning as in 2 CFR 200.1. <br /> "Indirect Costs"has the same meaning as in 44 III.Admin.Code 7000.30. <br /> "Indirect Cost Rate"means a device for determining in a reasonable manner the proportion of indirect <br /> costs each Program should bear.It is a ratio(expressed as a percentage)of the Indirect Costs to a Direct Cost base. <br /> If reimbursement of Indirect Costs is allowable under an Award,Grantor will not reimburse those Indirect Costs <br /> unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time,unless <br /> Indirect Costs are reimbursed at a fixed rate. <br /> "Indirect Cost Rate Proposal"has the same meaning as in 44 III.Admin.Code 7000.30. <br /> "Net Revenue"means an entity's total revenue less its operating expenses,interest paid,depreciation, <br /> and taxes."Net Revenue"is synonymous with"Profit." <br /> "Nonprofit Organization"has the same meaning as in 2 CFR 200.1. <br /> "Notice of Award"has the same meaning as in 44 III.Admin.Code 7000.30. <br /> "OMB"has the same meaning as in 44 III.Admin.Code 7000.30. <br /> "Obligations"has the same meaning as in 44 III.Admin.Code 7000.30. <br /> "Period of Performance"has the same meaning as in 2 CFR 200.1. <br /> "Prior Approval"has the same meaning as in 44 Ill.Admin.Code 7000.30. <br /> "Profit" means an entity's total revenue less its operating expenses,interest paid,depreciation,and taxes. <br /> "Profit"is synonymous with"Net Revenue." <br /> "Program" means the services to be provided pursuant to this Agreement. <br /> State of Illinois <br /> INTER-GOVERNMENTAL GRANT AGREEMENT FISCAL YEAR 2022/3 4 21 <br /> Page 6 of 47 <br />
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