This audit found during the period May 24, 2021, to June 30, 2022, the Office of State Budget and Management (OSBM) accounted for, allocated, and disbursed amounts appropriated to the State of North Carolina’s State Fiscal Recovery Fund in accordance with State Fiscal Recovery Fund legislation. OSBM allocated a total of $5.4 billion of State Fiscal Recovery Funds. As of June 30, 2022, $1.3 billion (24%) 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.
Office of State Budget and Management State Fiscal Recovery Fund Preliminary Financial Audit
Categorization and Details