SECTION .0500 - RESPONSIBILITIES OF THE OFFICE OF THE STATE

AUDITOR

 

09 NCAC 03M .0501         Office of the State Auditor

Responsibilities 

Pursuant to the provisions of this Subchapter, the Office of

the State Auditor shall:

(1)           Review submitted audit reports for those grantees

receiving more than five hundred thousand dollars ($500,000) in State funds to

determine compliance with applicable reporting standards.

(2)           Maintain grantor agency submitted compliance data

for grantees that receive State funds at levels below five hundred thousand

dollars ($500,000) demonstrating that the grantees have met the reporting

requirements established by this Subchapter. 

(3)           Notify disbursing agencies, by January 31st

of each year, of all grantees for which no compliance data has been received.

(4)           Notify disbursing agencies of any material findings

in the audits of grantees throughout the State fiscal year as reports are

received. 

(5)           Submit a list to the Office of State Budget and

Management by January 31st of each year; of each grantee that

received State funds in the prior fiscal year including the status of grantee

compliance with the reporting requirements.

 

History Note:        Authority G.S. 143C-6-22; 143C-6-23;

Eff. July 1, 2005.