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<br /> <br /> <br /> <br /> <br /> <br /> <br /> Are grant distributions timely? <br /> <br /> No major delays in the distribution of funds have been encountered. <br /> <br /> • Do actual expenditures differ substantially from letter of credit distribution? <br /> Except for CDBG, IDIS does not allow the City to accrue expenses after the end of a program year <br /> (June 30) even though the expense was incurred prior to June 30. This characteristic of IDIS is <br /> inconsistent with established public sector accounting practices. During report period, the <br /> City's Finance Department and Community Development Agency met o asis in an effort <br /> to ensure that Letter of Credit balances and the City's books remaine <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 08/11/2013 34 <br /> <br /> 19E-42 <br />