AG 2007 06 18 - Laserfiche WebLink

Home Browse Search

ATTACHMENT F NOTICE O)! CERTAIN REPORTING AND AUDIT REQUIREMENTS Granteeshall complywith all rules and reporting requirements established by statute oradministrative rules. For convenience, the requirements of9 N.C.A.C. Subchapter 3M•0205 are set forth in this Attachment. All reports must be submitted to DHHS Conh•oller's Office, Audit Resolution & Monitoring Branch, 2019 MSC, Raleigh, NC 27699-2019. The applicable prescribed requirements are found in the Office of the State Auditor's Audit Advisory #ADV-2005-00 ], North Carolina General Statute 143C-6-22 & 23 entitled "Use of State Funds by Non-State Entities" and Implementation of Required Rules, 09 NCAC 03M ;0102 -0802, North Carolina Adminishative Code, issued September 2005. The Office of State Auditor's Audit Advisory #ADV-2005-001, forms and additional policy statements are available on the State Auditor's Internet web site at www.ncauditor.net. From the home page select "Non Profits." Select the "Regulations" tab for the standards and the "Forms" tab to download forms as needed. Reporting Thresholds There are three reporting thresholds established for grantees and subgiantees receiving State funds. The reporting thresholds are: (NOTL• threshold rs based on total of state grants from all state entities.) (1) Less than $25,000 -'A grantee that receives, uses, or expends State funds in an amount less than twenty-five thousand dollars ($2':5,000) within its first fiscal year must comply with the reporting requirements established by 9 N.C.A.C.Subchapter3M including: (A) A certification completed by the grantee Board and management stating that the State fiords were received, used, or expended for the purposes for which they were granted; and (B) An accounting of the State funds received, used, or expended. All reporting requirements shall be filed with the finding agency within six months after the end of the grantee's fiscal yeah in which the State funds were received. (2) $25,000 up to $SOOy000 - A grantee that receives, uses, or expends State funds in an amount of at least twenty-fivethousand ($25,000) and up to five hundred thousand dollars ($500,000) within its fiscal year must comply with the reporting requirements established by this Subchapter including: (A) A certification completed by the grantee Board and management stating that the State funds were received, used, or expended for the purposes for which they were granted. (B) An accounting of the State funds received, used, or expended; and (C) A description of activities and accomplishments undertaken by the grantee with the State funds. All reporting requirements shall be filed with the funding agency within six months after the end of the grantee's fiscal yearin which the State funds were received. (3) Greater than $SOO,OQO - A grantee that receives, uses, or expends State funds and in the amount greater than five hundred thousand dollars ($500,000) within its fiscal year must comply with the reporting requirements established by this Subchapter including: (A) A certificatipn completed by the grantee Board and management stating that the State funds were received, usAd, or expended for the purposes for which they were granted. (B) An audit prepared and completed by a licensed Certified Public Accountant for the grantee consistent with the reporting requirement of this Subchapter; and (C) A description of activities and accomplishments undertaken by the grantee with the State fiords. All r•eportiug require~neitts shall be filed with both the funding agency and the Office of the State Auditor within nine months after the end of the grantee's fiscal year in which the State funds were received. Other Provisions t . Unless prohibited by lawj the costs of audits made in accordance with the provisions of 9 N.C.A.C. 3M.0205 are allowable charges to State and Federal awards. The charges may be considered a direct cost or an allocated indirect cost, as determined in accordance with cost principles outlined in the Office of Budget and Management (OMB) Circular A-87. 1'he costs of any audit not conducted in accordance with this Subchapter is unallowable and shall not be charged to State or Federal grants. 2. The audit requirements o f 9 N.C.A.C. Subchapter 3M do not replace a request for submission of audit reports by grantor agencies in connection with requests for direct appropriation of state aid by the General Assembly. DHHS (Contract) (General) (03/07) 13 ~~