Orange County NC Website
Browse       Search
DOA-735 <br />(revised 5/04) <br />confirmation of federal and state expenditures at the close of the state fiscal year. Information <br />on audit and fiscal reporting requirements can be found at <br />http•//www ncauditor net/webproject/default.asp?nonyrofit. Particular attention should be <br />given to: <br />• Audit Advisory # 2: Rewrite of G.S. 143-6.1 <br />• Memorandum NGO-1: "Grantee Receipt and Expenditure Reports" <br />• Memorandum NGO-2: "Grantee Audit Reports" <br />• Memorandum NGO-3: "Questions and Answers" <br />The following provides a summary of reporting requirements under NCGS 143-6.1 and OMB <br />Circular A-133 based upon funding received and expended during the service provider's fiscal <br />year. <br />Annual Expenditures <br />• Less than $15,000 <br />Report Required <br />None, records can be <br />monitored <br />Allowable Cost for Reporting <br />N/A <br />Annual Expenditures <br />• $15,000 - $299,999 <br />• $300,00+ in State funds, <br />includes Federal pass <br />through funds where ex- <br />penditures are less than <br />$500,000. <br />Report Required <br />Grantee Receipts Report <br />& Certification and Sworn <br />Allowable Cost for Reporting <br />May use State funds but not Federal <br />Statement <br />Audited Financial. State- <br />ment in compliance with <br />GAO/GAS (i.e. Yellow <br />Book) <br />May use State funds but not Federal <br />• $300,000+ in State funds, Audited Financial State- May use State and Federal funds <br />includes Federal pass ment in compliance with <br />through funds where ex- OMB Circular A-133 <br />penditures exceed $500,000 <br />12. AudidAssessment Resolutions and Disallowed Cost. It is further understood that the <br />community service providers are responsible to the Area Agency for clarifying any audit <br />exceptions that may arise from any Area Agency assessment, county or community service <br />provider single or financial audit, or audits conducted by the State or Federal Governments. In <br />the event that the Area Agency or the Department of Health and Human Services disallows any <br />expenditure made by the community service provider for any reason, the County shall promptly <br />repay such funds to the Area Agency once any final appeal is exhausted in accordance with <br />paragraph nine (9). The only exceptions are if the Area Agency on Aging is designated as a <br />community service provider through the County Funding Plan or, if as a part of a procurement <br />6 <br />