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At the end of the grant period, the ORB Circular A-122 for cost principles grantee must submit to the Councll applicable to non-profit organizations, or a complete and accurate report on the ORB Circular A-21 for cost principles applicable implementation of the grant program. A to colleges and univerisities. complete financial breakdown of how grant and matching funds have been ex- pended must also be submitted. The Grantee must report on all the infor- mation provided as part of the appli- cation. LEGAL REQUIR£HENTS The Council awards funds only to non- profit organizations with tax-exempt status under Section 501 of the Internal Revenue Code of l~&~, ad amended, allo~ing contributions made to them to be deductible under Section 170. It is the applicant's responsibility to see that a copy of its IRS determination letter for. tax-exempt status is on file with the Council. Organizations which do not have the required IRS determination letter must apply for assistance through a flscal agent which does. The North Carollna Arts Council, as well as its Lending Agents and grant recipients is contractually cora~itted to abide by federal regulations which bar discrimination on the basis of race, color, national origin, disability or sex and require accessibillty for persons with dlsabilities. Grant recipients of the North Carolina Arts Council and its Agents are required to conduct their operations in compliance with Title ¥1 of the Civil Rights Act of 1~6~t Section 5Ob of the Rehabilita- tion Act of 1~73, and where applicable, Title IX of the Education A~endment of 1~72. Grant Recipients must also be in compllance with the Fair Labor Standards Act which provides for minimum compensation to employees~ and they must manage any funds received In accordance with ORB Circular A-102 (including Attachment P which de- fines the audit requirements) for ad- ministrative requirements and either ORB Circular A-87 for cost principles appllcable to state and local governments