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24. Audit. The Agency /County agrees to have an annual independent audit in accordance with <br />North Carolina General Statutes, North Carolina Local Government Commission requirements, <br />Division of Aging (and Adult Services) Program Audit Guide for Aging Services and Federal <br />Office of Budget and Management (OMB) Uniform Guidance 2 CFR Part 200. <br />Community service providers must provide a copy of their year -end financial statements, and <br />any required audit, to the Area Agency on Aging. Community service providers, as specified in <br />paragraph one (1) are subject to audit and fiscal reporting requirements as stated in NC General <br />Statute 143C -6 -23 and OMB Uniform Guidance 2 CFR Part 200, where applicable. NCFCSP <br />service providers are not required to submit Activities and Accomplishments Reports. For - <br />profit corporations are not subject to the requirements of OMB Uniform Guidance 2 CFR Part <br />200, but are subject to NC General Statute 143C -6 -23 and Yellow Book audit requirements, <br />where applicable. <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 />https://www.negrants.gov/NCGrants/PublieReportsRegulations.jsp . <br />The following provides a summary of reporting requirements under NCGS 143C-6-22 and 23 <br />and OMB Uniform Guidance 2 CFR Part 20, based upon funding received and expended during <br />the service provider's fiscal year. <br />Annual Expenditures Report Required to AAA <br />• Less than $25,000 in Certification form and State <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 />• Greater than $25,000 <br />and less than $500,000 <br />in State or $750,000 <br />in Federal Funds <br />• $500,000+ in State funds <br />but Federal pass through <br />Audited Financial Statements in <br />compliance with GAO /GAS (i.e. <br />Yellow Book) <br />Allowable Cost for Reporting <br />N/A <br />Certification form and Schedule of <br />Grantee Receipts >$25,000 and <br />Schedule of Receipts and Expendi- <br />tures <br />OR <br />Audited Financial Statements in <br />compliance with GAO /GAS (i.e. <br />Yellow Book) <br />Audited Financial Statement in <br />compliance with GAO /GAS (i.e. <br />6of10 <br />N/A <br />May use State funds, <br />but not Federal Funds <br />