Reporting

April 10 for expenditures made January 1 – March 31
July 10 for expenditures made April 1 – June 30
October 10 for expenditures made July 1 – September 30
January 10 for expenditures made October 1 – December 31

If a report due date falls on the weekend, the submission deadline is automatically extended until Monday.

Grant recipients will report two things every quarter:

1. Expenses / Interest Earned
2. Quarterly Performance Report (PDF)

A Quarterly Performance Report is due even if there are no expenses and/or interest to report. You do not need to submit supporting documentation (i.e. invoices, receipts, vendor contracts) with Quarterly Reports, but you are required to maintain supporting documentation should our office or the Office of the State Auditor request that information.

Expenses should not be aggregated or grouped together. There must be an individual submission for each expense.

Report individual expenses by sub-recipient. Do not list the disbursement to the sub-recipient as the expense.

Employee expenses should be submitted by each pay period. 

Interest should be be submitted as it is received.

For approved expenses incurred before receiving funds, report the actual date of the expense and the vendor that was paid for the expense. Do not report as reimbursement to your organization.

Grant Recipients should use the TOTAL amount they received in state directed grants to determine if they have reached the threshold to trigger the requirement to perform a single or program-specific audit prepared completed in accordance with Generally Accepted Government Auditing Standards, also known as the Yellow Book Yellow Book audit. Please see 09 NCAC 03M.0205 for more information.

If your organization's fiscal year ended:

• prior to July 1, 2024, the threshold to trigger a audit requirement is $500,000 in total state funds, per the state administrative rules in place prior to July 1, 2024
• between July 1, 2024 and September 30, 2024 the threshold is $750,000, per federal requirements in place at that time
• October 1, 2024 or later, the threshold is $1 million, per current federal requirements

Any organization that receives, holds, uses, or expends State financial assistance in an amount equal to or greater the dollar amount requiring audit listed in federal code 2 CFR 200.501(a) should have a single or program specific audit completed annually. Audits must be submitted within nine months of the end of the recipient’s fiscal year.

Grant recipients may choose to do a program specific audit that would only include the directed grant funds to meet grant reporting requirements. A program specific audit is more cost effective.

If the organization already conducts a single audit, that may be submitted to meet the annual grant reporting requirement if the grant funds are included in the scope of the audit.

All audits should be done in accordance with the General Accepted Government Auditing Standards.

Please see the provided Compliance Supplement document (PDF) for more detail on how how audits should be performed for OSBM administered grants.

The North Carolina State Treasurer provides guidance to local governments on audits, including sample RFPs and a list of firms offering audit services.

OSBM has created a unique online reporting form for each grant recipient to report and upload information, such as the Quarterly Performance Report. The designated point-of-contact for each organization will receive this reporting form link. Multiple people in the organization can then report information using the form. The organization point-of-contact is able to review the information after it is submitted. The point-of-contact is responsible for reporting any corrections to OSBM via  NCGrants@osbm.nc.gov.  

This reporting link will go out to organizations that have received their grant funds by April 1.

If you are unsure who the point-of-contact is for your organization, please email NCGrants@osbm.nc.gov. 

Use the buttons below to register for a Quarterly Reporting Training and Q&A Session.

Thursday, December 5, 2024 at 10 a.m.

Thursday, December 12, 2024 at 10 a.m.

Thursday, December 19, 2024 at 10 a.m.

Thursday, January 9, 2025 at 10 a.m.

Maintain good records for expenses, including invoices, cancelled checks. The state can request to review the records at any time. Recipients must keep these records for five years after the completion of the grant contract term.

Recipients are responsible for making sure subrecipients comply with all grant requirements. Recipients are responsible for reporting on all expenditures including those subgrantee funds. OSBM recommends paying subrecipients on a reimbursement basis for this reason. Ensure grant subrecipients maintain required document and records too.