Section 950.160  Reporting

The applicant of a funded project shall submit to the Department periodic reports, as specified in the grant agreement, outlining progress, and time line and budget compliance.  Each progress report must include a narrative statement of the progress toward project objectives and work tasks, an itemized statement of project funds, including grant funds received and the grantee's contributions, and an itemized statement of project expenditures. Deviations from the agreement may result in the withholding of further funding or in a grant default.  A final written report, describing the work performed, results obtained, and economic impact, is required within 30 days after a project is completed.  The final report shall also include a copy of the feasibility study, competitive assessment or other study produced, an evaluation of the success of the project utilizing performance measures and criteria contained in the project narrative, and a financial report of all expenses actually incurred and income generated by the project, if any.  The applicant must return any unused funds to the Department consistent with the Illinois Grant Funds Recovery Act [30 ILCS 705].  Grant recipients may be required to submit to the Department the following information:  employment reports, federal tax returns or financial statements, and other information as requested by the Department where economic or business conditions may be necessary to determine conformance with grant conditions.  The Department may require the financial statements be compiled, reviewed or audited by an independent accountant at the expense of the grantee at any time for 3 years following the completion of the grant.  [505 ILCS 19/40]