Ill. Admin. Code tit. 92, § 651.403 - Operating Assistance Grant Close-Out
a) The participant shall furnish to the
Department a complete audit of the eligible operating expenses approved under
the Section 18 program. The audit shall be prepared by an independent certified
public accountant, shall be based on the State's fiscal year, shall be
performed in accordance with standard accounting principles, and shall include
a calculation of the approved operating deficit for the previous fiscal
year.
b) The audit shall be
submitted to the Department no later than one hundred eighty (180) days
following the close of the fiscal year for which an operating assistance grant
was approved.
Notes
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