Orange County NC Website
Browse       Search
7 <br /> The total Agreement amount with matching funds is $2,746,341.70. <br /> V. Conflict of Interest Policy: <br /> The Agency has determined that the Grantee is a government agency and is not subject to N.C.G.S. § <br /> 143C-6-23(b). Therefore, the Grantee is not required to file a Conflict-of-Interest Policy with the <br /> Agency prior to disbursement of funds. <br /> VI. Statement of No Overdue Tax Debts: <br /> The Agency has determined that Grantee is a government agency and is not subject to N.C.G.S.§ 143C- <br /> 6-23(c). Therefore,the Grantee is not required to file a Statement of No Overdue Tax Debts with the <br /> Agency prior to disbursement of funds. <br /> VII. Reversion of Unexpended Funds: <br /> Any unexpended grant funds shall revert to the Agency upon termination of this Agreement. <br /> VIII. Reporting Requirements: <br /> The Grantee shall provide the Agency with progress reports,both financial and programmatic,for due <br /> diligence items. <br /> Due Diligence Items Yearly Budget and Progress Report <br /> _ Due Dates <br /> Easement Parcel ID Suite 180 days <br /> Le.,al Conservation Suite 270 days <br /> Final Legal Conservation Documentation Suite 365 days or with final payment request <br /> For projects funded through this Agreement,three budget and progress reports are due per contract year <br /> to document due diligence progress,and to track funds spent and match requirements.For easements not <br /> recorded in the first 365 days,the reporting process will repeat itself during each subsequent contract <br /> year. <br /> If the specified items are not submitted at or prior to the reporting deadline, a due diligence extension <br /> must be filed before the reporting milestone has been reached. Each extension pushes out the due <br /> diligence date in three-month increments. <br /> In-kind and cash match shall be a part of the required financial reports, and documentation of the <br /> reported match shall be included with the reports. Documents shall be in the form of individual <br /> timesheets that each employee has signed and approved by the appropriate supervisor,travel logs and <br /> invoices for in-kind match,copies of checks,bank deposits, and fund transfers for cash match. Other <br /> types of documents may be acceptable with the approval of the Agency Manager. <br /> Due diligence items will be completed and submitted via the secure ShareFile Link supplied to the <br /> primary contact by the final date of the reporting period. <br /> The Grantee will remain in compliance with the requirements set forth in this 09 NCAC 03m.0703(14), <br /> including audit oversight by the Office of the State Auditor,access to the accounting records by both the <br /> NCDA&CS(State Funds Govt Contract)Rev.7/14;12/14;8/17;4/2022,9,2022 <br /> Page 3 of 8 <br /> V.5 2022 <br />