Current Realities:

• With the passing of G.S.143-6.2, many changes were thrust upon the nonprofit community as well as the agencies that award them grant funds. More detailed reporting forms are now required, and the reporting levels changed significantly. For the first time, all grant recipients are required to file annual reports regardless of the grant amount. Additionally, the funding agencies are now required to have an active grants monitoring program in place. {source:    http://www.ncauditor.net/NonProfitSite/regulations/GS143-6.2.pdf}
• Audit compliance continues to be a priority with the PFC board of Directors and staff. The Board and staff continues to receive training on approprirate protocol, documentation and compliance.
• Program Monitoring Coordinator, Accounting Technician and Contracts Coordinator meet regularly to coordinate their various monitoring funnctions.