Your Friends that Count
“Your Friends that Count” is an informative, consumer-focused accounting blog by the Certified Public Accounting team at John Kasperek Co., Inc.
Updated State & Federal Grant Administration, Fiscal Requirements, and Procedures Manual
ATTENTION GRANT ADMINISTRATORS:
The Illinois State Board of Education (ISBE) has recently updated its State and Federal Grant Administration Policy, Fiscal Requirements, and Procedures Manual.
This revision was needed to incorporate the Federal Uniform Guidance under Title 2 Code of Federal Regulations Part 200 that governs the administration of federal awards/grants as well as all state grants per the Grant Accountability and Transparency Act (GATA).
Some major topics and changes include: GATA requirements, Internal Controls, Fraud Policy, General Procurement Standards and Policy, Time and Effort Reporting, Detailed Function and Object Descriptors, Recovery of Grant Funds.
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