R2025-274 Resolution Authorizing an Agreement with the Illinois Department of Commerce and Economic Opportunity for a Site Readiness Planning Grant for the Northeast Water Main Extension

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Agreement No.25-912014 (b) If an audit or review of Grantee occurs and results in adjustments after Grantee submits a Close-out Report,Grantee must submit a new financial Close-out Report based on audit adjustments, and immediately submit a refund to Grantor, if applicable. 2 CFR 200.345;44 III.Admin.Code 7000.450. 10.3. Effect of Failure to Comply. Failure to comply with the reporting requirements in this Agreement may cause a delay or suspension of funding or require the return of improper payments or Unallowable Costs, and will be considered a material breach of this Agreement. Grantee's failure to comply with ARTICLE X,ARTICLE XI,or ARTICLE XVII will be considered prima facie evidence of a breach and may be admitted as such,without further proof, into evidence in an administrative proceeding before Grantor,or in any other legal proceeding. Grantee should refer to the State Grantee Compliance Enforcement System for policy and consequences for failure to comply. 44 III.Admin. Code 7000.80. ARTICLE XI PERFORMANCE REPORTING REQUIREMENTS 11.1. Required Periodic Performance Reports.Grantee must submit performance reports as requested and in the format required by Grantor no later than the due date(s)specified in PART TWO or PART THREE.44 III. Admin. Code 7000.410.Grantee must report to Grantor on the performance measures listed in Exhibit D, PART TWO or PART THREE at the intervals specified by Grantor,which must be no less frequent than annually and no more frequent than quarterly, unless otherwise specified in either PART TWO or PART THREE (approved as an exception by GATU),or on Exhibit E pursuant to specific conditions. For certain construction-related Awards,such reports may be exempted as identified in PART TWO or PART THREE. 2 CFR 200.329. 11.2. Performance Close-out Report.Grantee must submit a performance Close-out Report, in the format required by Grantor by the due date specified in PART TWO or PART THREE,which must be no later than 60 calendar days following the end of the Period of Performance or Agreement termination. 2 CFR 200.344;44 III. Admin. Code 7000.440(b). 11.3. Content of Performance Reports. Pursuant to 2 CFR 200.329(b)and (c), all performance reports must relate the financial data and project or program accomplishments to the performance goals and objectives of this Award and also include the following: a comparison of actual accomplishments to the objectives of the Award established for the reporting period (for example,comparing costs to units of accomplishment);computation of the cost and demonstration of cost effective practices(e.g.,through unit cost data); performance trend data and analysis if required;the reasons why established goals were not met, if appropriate;and additional information, analysis,and explanation of any cost overruns or higher-than-expected unit costs.Additional content and format guidelines for the performance reports will be determined by Grantor contingent on the Award's statutory, regulatory and administrative requirements, and are included in PART TWO or PART THREE of this Agreement. ARTICLE XII AUDIT REQUIREMENTS 12.1. Audits.Grantee is subject to the audit requirements contained in the Single Audit Act Amendments of 1996(31 USC 7501-7507),Subpart F of 2 CFR Part 200, and the audit rules and policies set forth by the Governor's Office of Management and Budget. 30 ILCS 708/65(c);44 III.Admin. Code 7000.90. 12.2. Consolidated Year-End Financial Reports(CYEFR).All grantees must complete and submit a CYEFR through the Grantee Portal, except those exempted by federal or State statute or regulation, as set forth in PART TWO or PART THREE. The CYEFR is a required schedule in Grantee's audit report if Grantee is required to complete and submit an audit report as set forth herein. State of Illinois GRANT AGREEMENT FISCAL YEAR 2026 Page 14 of 43