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North Carolina Division of Aging <br /> Legal Services - Policies and Procedures <br /> Effective Date - July 1, 1992 <br /> • LEGAL SERVICES <br /> D. Quarterly Allotment of Funds <br /> The Division of Aging does not have access to an <br /> annual amount of budgeted funds at any given time <br /> during the year. Normally, funds from various <br /> sources are made available to the Division of a <br /> quarterly basis. With this restriction in mind, <br /> the Division of Aging must regulate the <br /> disbursement of funds on a quarterly basis in order <br /> to insure that its available flow of funds is not <br /> over extended. Therefore, the Division of Aging <br /> must make funds to the Area Agency on Aging and the <br /> service provider available on a quarterly basis. <br /> The combination of interim payments and actual <br /> expenditures reimbursed from Division of Aging <br /> funds must be restricted to one-fourth of the <br /> annual budgeted funds each quarter for each service <br /> provider and Area Agency on Aging. Eligible <br /> expenditures reported for reimbursement exceeding <br /> the quarter' s allotment of funds will be carried <br /> over to the following quarter for reimbursement. <br /> i <br /> i <br /> 9 <br />