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Collecting Information for NTO Self Study Retention Illinois

Collecting Information for NTO Self Study Retention Illinois

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welcome to the Illinois Department of Commerce and Economic Opportunity grantee training in this presentation we will discuss Grant records retention we will discuss what records to retain record retention time frame record accessibility the collection and storage of records and the consequences of non-compliance record retention is the process of deciding what records should be kept how long to keep them who will have access to them and how they are to be stored all grants passing through the state of Illinois are subject to record retention requirements record retention should tell the complete story of how Grant funds were spent let's review the types of documents that are subject to record retention financial documents such as Source documents paid bills bank statements and cancel checks payroll time and attendance records contracts and subrecipient agreements and copies of prior authorization of funds proc procurement records including the procurement method rationale back

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