Orange County NC Website
Notes to Financial Statements <br /> Page 15 <br /> Note 10: Government Grants, Continued <br /> 2013 2012 <br /> U. S. Department of Health and <br /> Human Services-Affordable Care <br /> Act (ACA) Grants for Capital <br /> Development in Health Centers 44,631 455,369 <br /> U. S. Department of Agriculture-- <br /> Passed through the N. C. <br /> Department of Environment, WIC <br /> Health and Natural Resources, <br /> Division of Maternal and <br /> Child Health 987,062 980,474 <br /> U. S. Department of Health and <br /> Human Services--Passed through <br /> the North Carolina Department <br /> of Health and Human Services 109,175 148,691 <br /> U. S. Department of Health and <br /> Human Services-Passed through <br /> the Duke University 798 - <br /> State Government 265,452 186, 157 <br /> Local Government 16,001 1,500 <br /> 6,643,9U S 6,827,357 <br /> Note 11: Retirement Plan <br /> Upon the completion of three months of service, the <br /> Organization contributes 3% of , each full time employee's. <br /> compensation to a Section 403(b) tax-sheltered annuity plan._ <br /> Employees may make voluntary contributions to the plan. No <br /> mandatory contributions are required. Also, the Organization . <br /> matches employees' contributions up to 3% of the employees' <br /> compensation. Retirement expense for the years ended <br /> November 30, 2013 and 2012 was $842,957 and $699,306, <br /> respectively. <br /> -28- <br />