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Agenda - 01-22-2009 - 4p
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Agenda - 01-22-2009 - 4p
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Last modified
3/17/2016 3:07:21 PM
Creation date
1/21/2009 10:31:54 AM
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BOCC
Date
1/22/2009
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
4p
Document Relationships
2009-012 Coop Ext - Tobacco Trust Fund & Golden Leaf Foundation for Value Added Center
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2009
Minutes - 20090122
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2009
S Grant - Co Ext - Golden Leaf Grant for Piedmont Value Added Shared Use Food & Agricultural Processing center 01-22-2009-4p
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\BOCC Grants\2000 - 2009\2009\2009 Grants
S Grant Agreement NC Tobacco Trust Fund commission and Orange Co 01-22-09-4p
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Path:
\Board of County Commissioners\Contracts and Agreements\BOCC Grants\2000 - 2009\2009\2009 Grants
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32 <br /> °e,�� 7� 1 ash <br /> Grantee shall comply with the all rules and reporting requirements established by statute or administrative rules. For <br /> convenience,the requirements of 9 N.CA.C.Subchapter 3M.0205 are set forth in this Attachment. <br /> Reporting Thresholds. <br /> There are three reporting thresholds established for grantees and subgrantees receiving State funds.The reporting thresholds <br /> are: <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($25,000)within its fiscal year must comply with the reporting requirements established by 9 <br /> N.C.A.C. Subchapter 3M induding: <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; and <br /> (B) An accounting of the State funds received,used, or expended. <br /> All reporting requirements shall be filed with the funding agency within six months after the end of the <br /> grantee's fiscal year in which the State funds were received. <br /> (2) $25,000 up to $500,000-A grantee that receives, uses, or expends State funds in an amount of at least <br /> twenty-five thousand($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 year in which the State funds were received. <br /> (3) Greater than$500,000—A grantee that receives,uses, or expends State funds and in the amount greater <br /> than five hundred thousand dollars ($500,000) within its fiscal year must comply with the reporting <br /> 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 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 funds. <br /> All reporting requirements shall be filed with both the funding agency and the Office of the State Auditorwithin . <br /> nine months after the end of the grantee's fiscal year in which the State funds were received. <br /> Other Provisions: <br /> 1. Unless prohibited by law,the costs of audits made in accordance with the provisions of 9 N.C.A.C.3M.0205 are allowable <br /> charges to State and Federal awards. The charges may be considered a direct cost or an allocated indirect cost, as <br /> determined in accordance with cost principles outlined in the Office of Budget and Management(OMB)Circular A-87.The cost <br /> of any audit not conducted in accordance with this Subchapter is unallowable and shall not be charged to State or Federal <br /> grants. <br /> 2. The audit requirements in 9 N.C.A.C. Subchapter 3M do not replace a request for submission of audit reports by grantor <br /> agencies in connection with requests for direct appropriation of state aid by the General Assembly. <br /> 3. Notwithstanding the provisions of 9 N.C.A.C. Subchapter 3M, a grantee may satisfy the reporting requirements of Part <br /> (a)(3)(B)of this Rule by submitting a copy of the report required under the federal law with respect to the same funds. <br /> 4. All grantees and subgrantees shall use the forms of the Office of State Budget and Management and of the Office of the <br /> State Auditor in making reports to the awarding agencies and the Office of the State Auditor. <br /> NGO Form 0008 Page 1 of 1 <br /> Eff.July 1,2005 <br /> Revised 712007 <br /> BOCC Meeting, January 22, 2009, Page 32 /39 <br />
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