Office of State Budget and Management Coronavirus Relief Fund – Preliminary Financial Audit

PDF • 1.36 MB - May 17, 2021

The audit found that during the period May 4, 2020, to December 31, 2020, the Office of State Budget and Management (OSBM) accounted for, allocated, and disbursed amounts appropriated to the State of North Carolina’s Coronavirus Relief Fund in accordance with 2020 COVID-19 Recovery Act legislation. OSBM allocated a total of $3.6 billion in Coronavirus Relief Funds. As of December 31, 2020, $3.4 billion (94%) was disbursed to recipients. Details about the audit results are provided in the Findings section of the report. OSBM agreed with the results of the audit. However, to ensure that readers are not misled, the report includes a State Auditor’s Response.

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