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B K 00026 PG: 0187
<br />Attachment A
<br />General Terms and Conditions
<br />DEFINITIONS (8) "Financial Statement" means a report
<br />Unless indicated otherwise from the context, the providing financial statistics relative to a given
<br />following terms shall have the following meanings in this part of an organization's operations or status.
<br />Contract. All definitions are from 9 NCAC 3M.0102 (9) "Grant" means financial assistance provided by
<br />unless otherwise noted. If the rule or statute that is the an agency, grantee, or subgrantee to carry out
<br />source of the definition is changed by the adopting activities whereby the grantor anticipates no
<br />authority, the change shall be incorporated herein. programmatic involvement with the grantee or
<br />(1) "Agency" (as used in the context of the subgrantee during the performance of the grant.
<br />defmitions below) shall mean and include (10) "Grantee" has the meaning in NCGS 143C -6-
<br />every public office, public officer or official 23(a)(2): a non -State entity that receives a grant
<br />(State or local, elected or appointed), of State funds from a State agency, department,
<br />institution, board, commission, bureau, or institution but does not include any non -State
<br />council, department, authority or other unit of entity subject to the audit and other reporting
<br />government of the State or of any county, unit, requirements of the Local Government
<br />special district or other political subagency of Commission. For other purposes in this
<br />government. For other purposes in this Contract, "Grantee" shall mean the entity
<br />Contract, "Agency" shall mean the entity identified as one of the parties hereto.
<br />identified as one of the parties hereto. (11) "Grantor" means an entity that provides
<br />(2) "Audit" means an examination of records or
<br />financial accounts to verify their accuracy.
<br />(3) "Certification of Compliance" means a report
<br />provided by the Agency to the Office of the
<br />State Auditor that states that the Grantee has
<br />met the reporting requirements established by
<br />this Subchapter and included a statement of
<br />certification by the Agency and copies of the
<br />submitted grantee reporting package.
<br />(4) "Compliance Supplement" refers to the North
<br />Carolina State Compliance Supplement,
<br />maintained by the State and Local Government
<br />Finance Agency within the North Carolina
<br />Department of State Treasurer that has been
<br />developed in cooperation with agencies to
<br />assist the local auditor in identifying program
<br />compliance requirements and audit procedures
<br />for testing those requirements.
<br />(5) "Contract" means a legal instrument that is
<br />used to reflect a relationship between the
<br />agency, grantee, and subgrantee.
<br />(6) "Fiscal Year" means the annual operating year
<br />of the non -State entity.
<br />(7) "Financial Assistance" means assistance that
<br />non -State entities receive or administer in the
<br />form of grants, loans, loan guarantees, property
<br />(including donated surplus property),
<br />cooperative agreements, interest subsidies,
<br />insurance, food commodities, direct
<br />appropriations, and other assistance. Financial
<br />assistance does not include amounts received as
<br />reimbursement for services rendered to
<br />individuals for Medicare and Medicaid patient
<br />services.
<br />resources, generally financial, to another entity
<br />in order to achieve a specified goal or objective.
<br />(12) "Non -State Entity" has the meaning in NCGS
<br />143C- 1- 1(d)(18): Any of the following that is
<br />not a State agency: An individual, a firm, a
<br />partnership, an association, a county, a
<br />corporation, or any other organization acting as
<br />a unit. The term includes a unit of local
<br />government and public authority.
<br />(13) "Public Authority" has the meaning in NCGS
<br />143C- 1- 1(d)(22): A municipal corporation that
<br />is not a unit of local government or a local
<br />governmental authority, board, commission,
<br />council, or agency that (i) is not a municipal
<br />corporation and (ii) operates on an area,
<br />regional, or multiunit basis, and the budgeting
<br />and accounting systems of which are not fully
<br />a part of the budgeting and accounting systems
<br />of a unit of local government.
<br />(14) "Single Audit" means an audit that includes an
<br />examination of an organization's financial
<br />statements, internal controls, and compliance
<br />with the requirements of Federal or State
<br />awards.
<br />(15) "Special Appropriation" means a legislative act
<br />authorizing the expenditure of a designated
<br />amount of public funds for a specific purpose.
<br />(16) "State Funds" means any funds appropriated by
<br />the North Carolina General Assembly or
<br />collected by the State of North Carolina. State
<br />funds include federal financial assistance
<br />received by the State and transferred or
<br />disbursed to non -State entities. Both Federal
<br />and State funds maintain their identity as they
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