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DAAS-735 COVID 19 <br /> (revised 5/1/2020) <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. Providers are not <br /> required to submit Activities and Accomplishments Reports. For-profit corporations are not <br /> subject to the requirements of OMB Uniform Guidance 2 CFR Part 200 but are subject to NC <br /> General Statute 143C-6-22 and 23 and Yellow Book audit requirements, where applicable. <br /> Federal funds may not be used to pay for a Single or Yellow Book audit unless it is a federal <br /> requirement. State funds will not be used to pay for a Single or Yellow Book audit if the <br /> provider receives less than $500,000 in state funds. The Department of Health and Human <br /> Services will provide confirmation of federal and state expenditures at the close of the state <br /> fiscal year. Information on audit and fiscal reporting requirements can be found at <br /> https://www.osbm.nc.gov/management/grants. <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 /> 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 /> Activities and Accomplishments <br /> does not have to be completed) <br /> OR <br /> Audited Financial Statements in <br /> Compliance with GAO/GAS <br /> (i.e. Yellow Book) <br /> • Greater than $25,000 Certification form and Schedule of N/A <br /> and less that $500,000 Grantee Receipts >$25,000 and <br /> in State Funds or Schedule of Receipts and Expendi- <br /> $750,000 in Federal tures <br /> Funds <br /> OR <br /> Audited Financial Statements in <br /> Compliance with GAO/GAS <br /> (i.e. Yellow Book) <br /> • $500,000+ in State funds Audited Financial Statement in May use State funds, but <br /> but Federal pass through compliance with GAO/GAS (i.e. not Federal Funds <br /> 5 <br />