R2014-126 AGREEMENT WITH ILLINOIS DEPARTMENT OF COMMERCE & ECONOMIC OPPORTUNITY

Home Browse Search

If the Grantee is unable to submit the aforementioned documents to the Department electronically, the information shall be sent to the Department at the following address: Illinois Department of Commerce and Economic Opportunity Office of Accountability External Audit Section 500 East Monroe Street Springfield,IL 62701 3.2 REPORTING REQUIREMENTS In addition to any other documents specified in this Agreement, the Grantee must submit the following reports and information in accordance with the provisions hereof A. Expenditures and Project Activity Prior to Grant Execution If the Agreement is executed more than thirty (30) days after the beginning date of the grant term provided in the Notice of Grant Award, the Grantee must submit a Grantee Report,in a format provided by the Department, including the status of the Project, certification of job counts and accounting for expenditures incurred from the beginning of the grant term up to die end of the month preceding the date of the Department's execution. If this Report is required, the Department will not disburse any Grant Funds until the report is submitted to and approved by the Department. B. Final Grantee Report The Final Grantee Report described in Section 5.3 hereof is due within 45 days following the end date stated in the Notice of Grant Award. The Grantee should refer to the Welcome Package and the Reports Deliverable Schedule for the specific reporting requirements and due dates. Grantee must submit the report in the format provided by the Department. This report must summarize expenditure of the Grant Funds and activities completed during the grant term. The Grantee's failure to comply with the Close-out requirements set forth herein and in Section 5.3 will be considered a material breach of the performance required by this Agreement and may be the basis to initiate proceedings to recover all Grant Funds disbursed to the Grantee. Grantee's failure to comply with this Section shall be considered prima facie evidence of default, and may be admitted as such, without further proof, into evidence before the Department or in any other legal proceeding. C. Additional Information Upon request by the Department,the Grantee must,within the time directed by the Department,submit additional written reports regarding the Project, including,but not limited to,materials sufficient to document information provided by the Grantee. D. Submittal of Reports Submittal of all reports and documentation required under this Agreement should be submitted to the individual as directed by the Department All grants require,at a minimum,the filing of quarterly reports describing the progress of the program, project, or use and the expenditure of the grant funds related thereto. E. Failure to Submit Reports In the event Grantee fails to timely submit any reports required under this Agreement,the Department may withhold or suspend the distribution of Grant Funds until said reports are filed and approved by the Department. 3.3 WELCOME PACKAGE Upon execution of this Grant Agreement,the Grantee will receive a Welcome Package detailing reporting requirements and procedures relating to the Grant. The Grantee is obligated to comply with those requirements and any revisions thereto in accordance with Section 3.2(B)of this Grant Agreement. 3.4 FISCAL RECORDrgG REOUIREMENTS The Grantee's financial management system shall be structured to provide for accurate, current, and complete disclosure of the financial results of the Project funded under this grant program. The Grantee is Page 9 Grant Number 15-203002