Iowa Admin. Code r. 441-122.1
For the purpose of these rules, the following definitions apply:
"Agreement" means a contract between the area boards, state board, department, and state agencies to which funding is allocated.
"Audit" means a financial review by area boards of early childhood Iowa funds. Area boards that receive federal funds shall complete an audit of the funds. The audit must be a single audit if the area board received a total of federal funds from all funding sources in excess of the threshold defined in 2 CFR 200.501(b) as amended to December 31, 2023. Area boards that are not required to conduct a single audit under 2 CFR 200.501(b) as amended to December 31, 2023, may coordinate with the fiscal agent to conduct the required audit. The audit requirements shall be found in the online toolkit available on the department website.
"Early childhood Iowa area board" or "area board" means the same as defined in Iowa Code section 256I.1.
"Early childhood Iowa state board" or "state board" means the same as defined in Iowa Code section 256I.1.
Iowa Admin. Code r. 441-122.1