R2026-128 Resolution Approving a Grant Agreement between the Office of the Illinois State Fire Marshall and the City of Decatur for the Acceptance of Funds Awarded by the State of Illinois to the Decatur Fire Department

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Docusign Envelope ID:66D49F3C-3724-802E-81 D1-F5B0D633F6F8 submissions set forth in this Paragraph is the earlier of(i)thirty(30)calendar days after receipt of the auditor's report(s)or(ii)nine(9) months after the end of Grantee's audit period. (c) Financial Statement Audit. If,during its fiscal year,Grantee expends less than $1,000,000 in federal Awards,Grantee is subject to the following audit requirements: (i) If,during its fiscal year,Grantee expends at least$750,000 in State-issued Awards,Grantee must have a financial statement audit conducted in accordance with the Generally Accepted Government Auditing Standards(GAGAS). Grantee may be subject to additional requirements in PART TWO,PART THREE or Exhibit E based on Grantee's risk profile. (ii) If,during its fiscal year,Grantee expends less than$750,000 in State-issued Awards, but expends at least$500,000 in State-issued Awards,Grantee must have a financial statement audit conducted in accordance with the Generally Accepted Auditing Standards (GAAS). (iii) If Grantee is a Local Education Agency(as defined in 34 CFR 77.1),Grantee must 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 State-issued Awards. (iv) If Grantee does not meet the requirements in subsections 12.3(b)and 12.3(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)thirty(30)calendar days after receipt of the auditor's report(s)or(ii)six (6)months after the end of Grantee's audit period. 11.4. "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 at least$1,000,000 in federal pass-through funds from State-issued Awards,Grantee must have a program-specific audit conducted in accordance with 2 CFR 200.507.The auditor must audit federal pass-through programs with federal pass-through Awards expended that,in the aggregate,cover at least 50 percent(0.50)of total federal pass-through 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)thirty(30)calendar days after receipt of the auditor's report(s)or(ii)nine(9) months after the end of Grantee's audit period. (c) Financial Statement Audit.If,during its fiscal year,Grantee expends less than $1,000,000 in federal pass-through funds from State-issued Awards,Grantee must follow all of the audit requirements in Paragraphs 12.3(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 must submit its annual audit conducted in accordance with its regulatory requirements. 11.5. Performance of Audits. For those organizations required to submit an independent audit report, the audit must be conducted by the Illinois Auditor General(as required for certain governmental entities only), or a Certified Public Accountant or Certified Public Accounting Firm licensed in the State of Illinois or in State of Illinois GRANT AGREEMENT FISCAL YEAR 2027 Page 15 of 29