R2016-122 FY 2017 Transit Operating Assistance Grant Agreement with IDOT

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Agreement No.4724 Statements cover. If no Audited Financial Statements are required,however,then the Annual Financial Report must cover the same period as the Grantee's tax return. (d) Annual Financial Reports must include an in relation to opinion from the report issuer on the Cost and Revenue schedules included in the Annual Financial Report. (e) Annual Financial Reports shall follow a format prescribed by Grantor. 13.4. Effect of Failure to Comply. Failure to comply with reporting requirements shall result in the withholding of funds,the return of improper payments or Unallowable Costs,will be considered a material breach of this Agreement and may be the basis to recover Grant Funds. Grantee's failure to comply with this ARTICLE XIII, ARTICLE XIV,or ARTICLE XV shall 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. ARTICLE XIV PERFORMANCE REPORTING REQUIREMENTS 14.1. Required Periodic Performance Reports.Grantee agrees to submit Performance Reports as requested and in the format required by Grantor. Performance Measures listed in Exhibit E must be reported quarterly, unless otherwise specified in PART TWO or PART THREE. Unless so specified,the first of such reports shall cover the first three months after the Award begins.If Grantee is not required to report performance quarterly,then Grantee must submit a Performance Report at least annually. In unusual circumstances where more frequent reporting is necessary some Grantees may be required to submit monthly Performance Reports;in such cases,Grantor shall notify Grantee of same in PART TWO or PART THREE. Pursuant to 2 CFR 200.328, periodic Performance Reports shall be submitted no later than 30 calendar days following the period covered by the report. For certain construction-related Awards,such reports may be exempted as identified in PART TWO or PART THREE. 2 CFR 200.328. Failure to submit such required Performance Reports may cause a delay or suspension of funding.30 ILCS 705/1 et seq. 14.2. Close-out Performance Reports.Grantee agrees to submit a Close-out Performance Report,in the format required by Grantor,within 60 calendar days following the end of the period of performance. See 2 CFR 200.343. 14.3. Content of Performance Reports. Pursuant to 2 CFR 200.328(b)(2)all Performance Reports must include Program qualitative and quantitative information,including a comparison of actual accomplishments to the objectives of the award established for the period;where the accomplishments can be quantified,a computation of the cost if required;performance trend data and analysis if required; and reasons why established goals were not met,if appropriate.Appendices may be used to include additional supportive documentation. 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. 14.4. Performance Standards. Grantee shall perform in accordance with the Performance Standards set forth in Exhibit F. See 2 CFR 200.301 and 200.210. ARTICLE XV AUDIT REQUIREMENTS 15.1. Audits.Grantee shall be subject to the audit requirements contained in the Single Audit Act State of Illinois GRANT AGREEMENT FISCAL YEAR 2017/3 28 16 Page 16 of 46