Funding and Disbursements
Fiscal Grant Review
Fiscal grant review ensures the integrity of dollar amounts requested on state and federal applications. Budgets and amendments are reviewed related to proper classification of functions and objects according to Illinois Program Accounting. Fiscal grant review includes examination of budget detail for adequacy and accuracy to support the proposed initiatives and the intents set forth by the rules and guidelines of each grant program.
Below is a sample of some of the items that are reviewed:
- Does the budget provide sufficient detail for all budgeted items?
- Are the budgeted items program eligible and properly classified
according to the Illinois
Program Accounting Manual
? - Are the function and object amounts on the Budget Breakdown corresponding to those on the Budget Summary?
- Is the indirect cost percentage and amount figured correctly?
- Is the payment schedule complete, within the project period and requested as needed?
