Our audit shows that, as of June 30, 2024, $2.5 billion (46%) of State Fiscal Recovery Funds have been disbursed. The $2.95 billion (54%) remaining to be disbursed represents the balance for which recipients have yet to request distribution.


The bulk of the remaining funds sit with state agencies. For instance, the North Carolina Department of Environmental Quality has not requested $1.7 billion (89%) of the $1.9 billion allocated.


The purpose of this audit was not to determine why certain funds have yet to be disbursed, rather to determine whether the North Carolina Office of State Budget and Management accounted for, allocated, and disbursed amounts appropriated to the State Fiscal Recovery Fund in accordance with State Fiscal Recovery Fund legislation. To that end, all matters were done in accordance with law.
 

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General Government
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