Frequently Asked Questions

Below are commonly asked questions and answers about topics covered during the VFMI.

Single Audit

Yes. The Office of Management Budget has published "A Notice of Proposed Rulemaking" which outlines a process that provides states with greater flexibility in determining whether they need to submit an OMB Circular A-133 audit.

Subrecipient Monitoring

Our review the applicable requirements for programmatic monitoring by the State of its subrecipients contained in 34 CFR 80.40. These provisions do not mandate that the ISBE monitor its subrecipients in a particular manner, nor do they mandate use of a particular approach for selecting subrecipients for on-site monitoring. In addition, according to OMB Circular A-133 §__.400(d), a pass-through entity is required to monitor the activities of subrecipients as necessary to ensure the use of federal awards for authorized purposes in compliance with laws, regulations, and the provisions of contracts or grant agreements and the achievement of performance goals.