Skip to main content

Grant Basics

The Illinois Department of Commerce and Economic Opportunity is excited to work with potential grantees on obtaining federal award funding to back programs or projects that will serve the citizens of Illinois. Within this page you will find introductory information on grants with DCEO as well as the tools and requirements needed to obtain grant funding. It is the goal of DCEO to equip grantees with everything they need to be successful in their programs. Potential grantees are encouraged to visit the GRANT BASICS LEARNING LIBRARY to review video tutorials on the initial stepping stones of the grant process.

The contents of the Grant Basics Library are necessary both before and during the life cycle of a grant program. Once in receipt of a grant award, grantees may return to the Grant Basics Quick Reference Library for guidance and instruction. Additional resources can be found on the GRANT MAINTENANCE page.

Grant Basics Quick Reference Library

Topic Description
Administration vs. Programmatic Costs What is the difference between administration and programmatic costs?
Bondability Requirements Special requirements for bond funded grants.
Conflict of Interest Policy Guide DCEO suggests you create a Conflict of Interest Policy to ensure grant funds are spent appropriately.​
Grant Monitoring Understand your ongoing responsibilities to provide grant information to the Department.
Grant Reporting Understand your deliverables and due dates.
Grantee Audit Requirements Understand your audit requirements.
Indirect Cost and Indirect Cost Rate The rate applicable to costs not tied directly to the grant.
Interest Bearing Account Grant funds must be maintained in an insured and interest-bearing account.
Pre-award Costs What if I spent money before the grant period?
Prevailing Wage Fact Sheet Understand & comply with the Prevailing Wage Act.
Prior Written Approval What needs to be approved ahead of time?
Procurement All goods and services must follow procurement standards in 2 CFR 200. This document describes how to comply with those standards.
Requirements for Pass-Through Entities Understand how to manage an outside organization as part of your grant.
Sexual Harassment Policy Requirements ​All grantees are required to have a policy that addresses sexual harassment in the workplace that meets specific requirements.
Subrecipient or Subcontractor Determination Understand the requirements when you use an outside organization to implement your grant.