Iowa Admin. Code r. 441-169.5 - Community empowerment areas' responsibilities
(1)
Fiscal agent. The
community empowerment area shall designate a public agency, a community action
agency as defined in Iowa Code section
216A.91, or a
nonprofit corporation as a fiscal agent and ensure that appropriate and
adequate accounting mechanisms are in place through the fiscal agent to
deposit, disburse and account for funds received, including tracking of the
timing and purpose of any financial transaction.
(2)
Grant agreement. A grant
agreement shall be entered into by the community empowerment area , the
department , and the Iowa empowerment board.
(3)
Spending funds. The
community empowerment area shall spend funds according to its application as
approved by the Iowa empowerment board and grant agreement.
(4)
Reporting and audit
requirements. The community empowerment area shall meet federal
reporting and audit requirements. The Iowa empowerment board may establish
other audit and reporting requirements.
Notes
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