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Finance director reports ARPA awards submitted; single-audit threshold may affect next-year workload
Summary
Finance staff reported final ARPA allocations were submitted and noted the county may face a federal single-audit requirement depending on the federal expenditure threshold; staff will monitor a possible increase in that threshold.
Iroquois County's finance director told the finance committee that the county has reported its American Rescue Plan Act (ARPA) awards and that all allocated funds were entered into the federal reporting portal.
Why it matters: the county's obligation of federal funds determines whether it must undergo a federal single audit. The finance director said the single-audit threshold is…
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