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DAAS-735 <br />(revised 2/16) <br />5 <br /> <br /> <br /> <br /> <br />693 Palmer Drive <br />Raleigh, North Carolina 27699-2101 <br /> <br />10. Termination for Cause. If through any cause, the County shall fail to fulfill in a timely and <br />proper manner its obligations under this Agreement, or the County has or shall violate any of <br />the covenants, agreements, representations or stipulations of this Agreement, the Area Agency <br />shall have the right to terminate this Agreement by giving the Chairman of the Board of <br />Commissioners written notice of such termination no fewer than fifteen (15) days prior to the <br />effective date of termination. In such event, all finished documents and other materials <br />collected or produced under this Agreement shall at the option of the Area Agency, become its <br />property. The County shall be entitled to receive just and equitable compensation for any work <br />satisfactorily performed under this Agreement. <br /> <br />11. Audit. The County agrees to have an annual independent audit in accordance with North <br />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 /> <br />Community service providers, as specified in paragraph one (1), who are not units of local <br />government or otherwise subject to the audit and other reporting requirements of the Local <br />Government Commission are subject to audit and fiscal reporting requirements, as stated in NC <br />General Statute 143C-6-22 and 23 and OMB Uniform Guidance CFR 2 Part 200, where <br />applicable. Applicable community service providers must send a copy of their year-end <br />financial statements, and any required audit, to the Area Agency on Aging. Home and <br />Community Care Block Grant providers are not required to submit Activities and <br />Accomplishments Reports. For-profit corporations are not subject to the requirements of OMB <br />Uniform Guidance 2 CFR Part 200, but are subject to NC General Statute 143C-6-22 and 23 <br />and Yellow Book audit requirements, where applicable. Federal funds may not be used to pay <br />for a Single or Yellow Book audit unless it is a federal requirement. State funds will not be <br />used to pay for a Single or Yellow Book audit if the provider receives less than $500,000 in <br />state funds. The Department of Health and Human Services will provide confirmation of <br />federal and state expenditures at the close of the state fiscal year. Information on audit and <br />fiscal reporting requirements can be found at <br />https://www.ncgrants.gov/NCGrants/PublicReportsRegulations.jsp <br /> <br />The following provides a summary of reporting requirements under NCGS 143C-6-22 and 23 <br />and OMB Uniform Guidance 2 CFR Part 200 based upon funding received and expended <br />during the service provider’s fiscal year. <br /> <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 />DocuSign Envelope ID: 77CA1707-F436-49CC-9707-C18BC735AAE4