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AG 2007 06 18
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AG 2007 06 18
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Last modified
9/26/2007 2:40:23 PM
Creation date
11/27/2017 11:30:53 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/26/2007
Board
Board of Commissioners
Meeting Type
Regular
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ATTACHMENT F <br />NOTICE O)! CERTAIN REPORTING AND AUDIT REQUIREMENTS <br />Granteeshall complywith all rules and reporting requirements established by statute oradministrative rules. For convenience, <br />the requirements of9 N.C.A.C. Subchapter 3M•0205 are set forth in this Attachment. All reports must be submitted to DHHS <br />Conh•oller's Office, Audit Resolution & Monitoring Branch, 2019 MSC, Raleigh, NC 27699-2019. <br />The applicable prescribed requirements are found in the Office of the State Auditor's Audit Advisory #ADV-2005-00 ], <br />North Carolina General Statute 143C-6-22 & 23 entitled "Use of State Funds by Non-State Entities" and Implementation <br />of Required Rules, 09 NCAC 03M ;0102 -0802, North Carolina Adminishative Code, issued September 2005. The Office <br />of State Auditor's Audit Advisory #ADV-2005-001, forms and additional policy statements are available on the State <br />Auditor's Internet web site at www.ncauditor.net. From the home page select "Non Profits." Select the "Regulations" tab <br />for the standards and the "Forms" tab to download forms as needed. <br />Reporting Thresholds <br />There are three reporting thresholds established for grantees and subgiantees receiving State funds. The reporting thresholds <br />are: (NOTL• threshold rs based on total of state grants from all state entities.) <br />(1) Less than $25,000 -'A grantee that receives, uses, or expends State funds in an amount less than twenty-five <br />thousand dollars ($2':5,000) within its first fiscal year must comply with the reporting requirements established <br />by 9 N.C.A.C.Subchapter3M including: <br />(A) A certification completed by the grantee Board and management stating that the State fiords were <br />received, used, or expended for the purposes for which they were granted; and <br />(B) An accounting of the State funds received, used, or expended. <br />All reporting requirements shall be filed with the finding agency within six months after the end of the <br />grantee's fiscal yeah in which the State funds were received. <br />(2) $25,000 up to $SOOy000 - A grantee that receives, uses, or expends State funds in an amount of at least <br />twenty-fivethousand ($25,000) and up to five hundred thousand dollars ($500,000) within its fiscal year must <br />comply with the reporting requirements established by this Subchapter including: <br />(A) A certification completed by the grantee Board and management stating that the State funds were <br />received, used, or expended for the purposes for which they were granted. <br />(B) An accounting of the State funds received, used, or expended; and <br />(C) A description of activities and accomplishments undertaken by the grantee with the State funds. <br />All reporting requirements shall be filed with the funding agency within six months after the end of the <br />grantee's fiscal yearin which the State funds were received. <br />(3) Greater than $SOO,OQO - A grantee that receives, uses, or expends State funds and in the amount greater than <br />five hundred thousand dollars ($500,000) within its fiscal year must comply with the reporting requirements <br />established by this Subchapter including: <br />(A) A certificatipn completed by the grantee Board and management stating that the State funds were <br />received, usAd, or expended for the purposes for which they were granted. <br />(B) An audit prepared and completed by a licensed Certified Public Accountant for the grantee consistent <br />with the reporting requirement of this Subchapter; and <br />(C) A description of activities and accomplishments undertaken by the grantee with the State fiords. <br />All r•eportiug require~neitts shall be filed with both the funding agency and the Office of the State Auditor <br />within nine months after the end of the grantee's fiscal year in which the State funds were received. <br />Other Provisions <br />t . Unless prohibited by lawj the costs of audits made in accordance with the provisions of 9 N.C.A.C. 3M.0205 are <br />allowable charges to State and Federal awards. The charges may be considered a direct cost or an allocated <br />indirect cost, as determined in accordance with cost principles outlined in the Office of Budget and Management <br />(OMB) Circular A-87. 1'he costs of any audit not conducted in accordance with this Subchapter is unallowable <br />and shall not be charged to State or Federal grants. <br />2. The audit requirements o f 9 N.C.A.C. Subchapter 3M do not replace a request for submission of audit reports by <br />grantor agencies in connection with requests for direct appropriation of state aid by the General Assembly. <br />DHHS (Contract) (General) (03/07) 13 <br />~~ <br />
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