Carol A. Kraus, CPA
Ms. Kraus is a licensed CPA and started her career in public accounting specializing in state, local government and nonprofit auditing and consulting in 1992. She has served in many capacities in state government starting in 2000 as the Chief Internal Auditor for the Illinois Office of the Comptroller. She later served as an Associate Director of Governor's Office of Management and Budget. Ms. Kraus received the National Association of State Budget Officers' (NASBO) Robert A Armstrong Midwest Region Award for the development of Budget efficiency models. These efficiency models resulted in greater fiscal discipline and increased controls in spending statewide. Ms. Kraus was later appointed as NASBO's representative on the Governmental Accounting Standards Advisory Council.
Most recently, Ms. Kraus served as the Chief Financial Officer for the Department of Human Services, and Co-chaired the Management Improvement Initiative Committee which was responsible for streamlining the administration of awards and grants for the State's 5 Human Service agencies. This Initiative was very successful and ultimately led to the passage of landmark legislation to implement statewide grant reforms with the passage of the Grant Accountability and Transparency Act.
Currently, Ms. Kraus is serving as the Director of the Grant Accountability and Transparency Unit which is responsible for leading the effort of implementing GATA, that includes establishing uniform policies and procedures in a collaborative effort between grant making agencies and grantees to remove redundancies, duplication of effort and streamlining processes while increasing accountability and transparency throughout the entire grant life cycle. GATA has resulted in saving the state hundreds of millions of dollars in centralization and automation in the implementation of 2 CFR 200.