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<br /> <br /> NCDA&CS (State Funds Govt Contract Cover) Rev. 7/14;12/14; 8/17; 4/2022 Page 2 of 7 <br /> V. 4 2022 <br /> <br />The Agency has determined that Grantee is a government agency and is not subject to N.C.G.S. § <br />143C-6-23(c). Therefore, the Grantee is not required to file a Statement of No Overdue Tax Debts with <br />the Agency prior to disbursement of funds. <br /> <br />VII. Reversion of Unexpended Funds: <br /> <br />Any unexpended grant funds shall revert to the Agency upon termination of this Contract. <br /> <br />VIII. Reporting Requirements: <br /> <br />(1) Agency: <br />The grantee shall provide the Agency with progress reports, both financial and <br />programmatic. The following is based upon the Agency contract with the grantee being <br />two years in time. <br /> <br />For grant awards of less than $250,000, reports are due semi-annually. Refer to the table <br />below for the reporting period and due dates for progress and budget reports: <br /> <br />Contract Year Reporting Period Report Due Dates <br />Year 1 October 1 – March 31 April 10 <br />Year 1 April 1 – September 30 October 10 <br />Year 2 October 1 – March 31 April 10 <br />Year 2 April 1 – September 30 October 10 <br /> <br />For grant awards of $250,000 or more, reports are due quarterly. Refer to the table below <br />for the reporting period and due dates for progress and budget reports: <br /> <br />Contract Year Reporting Period Report Due Dates <br />Year 1 October 1 – December 31 January 10 <br />Year 1 January 1 – March 31 April 10 <br />Year 1 April 1 – June 30 July 10 <br />Year 1 July 1 – September 30 October 10 <br />Year 2 October 1 – December 31 January 10 <br />Year 2 January 1 – March 31 April 10 <br />Year 2 April 1 – June 30 July 10 <br />Year 2 July 1 – September 30 October 10 <br /> <br />IX. Payment Provisions: <br /> <br />The grantee shall provide the Agency with the appropriate reimbursement request (downloadable at <br />www.ncadfp.org) and required documentation of performance and expenditures for associated grant <br />reimbursement. Upon approval by the Agency, payment shall be made within 30 days. Ten percent (10%) of <br />the total funds awarded under this Contract shall be retained by the Agency until both the final performance <br />and financial reports are submitted by the Grantee and approved by the Agency. All payments are subject to <br />the availability of funds. <br /> <br />The Grantee shall expend funds in accordance with G.S. 143C-6-23 (f1)(f2)(j). The Grantee shall account <br />for any income earned, which may result from any funds awarded under this Contract, on the Agency <br />“Request for Reimbursement” form. Eligible uses of income earned are: <br /> <br />DocuSign Envelope ID: 480AFBD4-654C-48FA-9CB8-F7C8D7E98DB2