AEFL Audit Requirements 2007 update

ILLINOIS COMMUNITY COLLEGE BOARD ADULT EDUCATION AND FAMILY LITERACY AUDIT REQUIREMENTS Table of Contents A. General Audit Requirements for Adult Education and Family Literacy...................................1 B. Specific Requirements - ICCB State Grant Compliance Section..............................................2 C. Specific Requirements - Federal Financial and Compliance Audit...........................................2 D. Audit Program Guide.................................................................................................................5 E. Schedule of Federal Financial Assistance (Sample)................................................................. 9 F. State Grant Compliance Reports (Sample)..............................................................................12 G. Federal Grant Reconciliation Form.........................................................................................18 1 A. GENERAL AUDIT REQUIREMENTS FOR ADULT EDUCATION AND FAMILY LITERACY ! All providers will be subject to the same basic audit standards. ! Financial audits will focus on eligibility of expenditures and compliance with certain specific restrictions on expenditures, such as: $ A minimum of 45% each of total State Basic, Public Assistance, Federal Basic, and EL/Civics funds must be spent on ...