Orange County NC Website
Browse       Search
DOA-735 <br /> (revised 6/09) <br /> Federal funds may not be used to pay for a Single or Yellow Book audit unless it a federal <br /> requirement. State funds will not be used to pay for a Single or Yellow Book audit if the <br /> provider receives less than$500,000 in state funds. The Department of Health and Human <br /> Services will provide confirmation of federal and state expenditures at the close of the state <br /> fiscal year. Information on audit and fiscal reporting requirements can be found at <br /> http://www.ncauditor.net/nonprofitsite. <br /> The following provides a summary of reporting requirements under NCGS 143C-6-22 and 23 <br /> and OMB Circular A-133 based upon funding received and expended during the service <br /> provider's fiscal year. <br /> Annual Expenditures Report Required to AAA Allowable Cost for Reporting <br /> • Less than$25,000 in Certification form and State N/A <br /> State or Federal funds Grants Compliance Re- <br /> porting<$25,000 (item# 11, <br /> Activities and Accomplishments <br /> does not have to be completed) <br /> OR <br /> Audited Financial Statements in <br /> Compliance with GAO/GAS <br /> (i.e. Yellow Book) <br /> Greater than$25,000 Certification form and Schedule of N/A <br /> and less that$500,000 Grantee Receipts>$25,000 and <br /> in State or Federal Funds Schedule of Receipts and Expendi- <br /> tures <br /> OR <br /> Audited Financial Statements in <br /> Compliance with GAO/GAS <br /> (i.e. Yellow Book) <br /> • $500,00+in State funds Audited Financial Statement in May use State funds, but <br /> and Federal pass through compliance with GAO/GAS (i.e. not Federal Funds <br /> in an amount less than Yellow Book) <br /> $500,00 <br /> • $500,000+in State funds Audited Financial Statement in May use State and Federal <br /> and $500,000+in Federal compliance with OMB Circular funds <br /> pass through funds (i.e. A-133 (i.e. Single Audit) <br /> at least $1,000,000) <br /> 6 <br />