Section 3035. 140  Grants, Expenditures and Audits

a)         The Illinois State Library staff shall review grant applications and the decision of the State Librarian is final.

b)         The Illinois State Library will notify the grant applicant when the application is approved for contractual purposes.

c)         Any change in the use of funds from that stated in the approved grant application shall have prior approval of the State Librarian. 

d)         Failure to spend funds in accordance with the application or approved amendment shall result in ineligibility for future grants for a period of one year.

e)         All State funded grantees receiving grants under Subparts A, B, D and E at a combined cumulative total of $175,000 or more in Secretary of State grant awards in the same fiscal year shall submit an agency-wide audit upon completion of the grant activity.

1)         All governmental unit audits shall comply with Government Auditing Standards:  2007 Revision, published by the Comptroller General of the United States, U.S. General Accounting Office, 441 G. Street, NW, Washington DC 20548.  No later amendments to these standards are incorporated in this Section.

2)         All not-for-profit agency audits will comply with Not-for-Profit Organizations AICPA Audit and Accounting Guide: 2007, published by the American Institute of Certified Public Accountants, 1211 Avenue of the Americas, New York NY  10036.  No later amendments to these standards are incorporated in this Section.

(Source:  Amended at 35 Ill. Reg. 18366, effective October 18, 2011)