The Department shall have an audit of the MEG units conducted by a certified public accounting firm selected pursuant to this Section. The audits shall be submitted to the Department by December 31 for the fiscal period having ended June 30 of the previous year.
The cost of the audit shall be limited to professional services and administrative costs which shall be reimbursed as follows:
Each audit shall consist of a financial and compliance component of the MEG operations. Each audit shall consist of two components with coverage of at least those items listed in this subsection (c). The scope of review shall be broad enough to include expenditures and activities of MEG units with unique operations. The time frame of the examination shall be the Department's Fiscal Year including an additional 90 days in which expenses for obligations incurred during the fiscal year shall be paid.
The examination shall include, on a test basis, a review of the receipts and expenditures of State and local funds, including any necessary supporting documentation. The requirements of Subpart C should be considered in conducting this financial review, and the review shall render an opinion on the financial statements, which are to be presented on the accrual basis.
The compliance review shall consist of an examination of documentation to determine if there has been adherence to State and local regulations concerning the allowability of receipts and expenditures, such as the prohibition of payment for unauthorized travel. A paragraph attesting to that compliance, or non-compliance, shall be included in the report. The audit shall consider:
Ill. Admin. Code tit. 20, § 1220.340
Amended at 10 Ill. Reg. 4930, effective March 11, 1986