N.C. seeks better control of grant funds

Charlotte Observer exclusive (Subscription) ^ | April 18 2005 | MARK JOHNSON Raleigh Bureau

[TaxRelief]

RALEIGH - More than half of the nonprofit organizations required to account for how they spent millions in state dollars last year had failed to do so by March 31, according to an analysis by the state auditor's office.

(snip)

North Carolina awarded $580 million in grants last year to 3,000 nonprofit groups. More than 1,800 of those groups received a big enough check from the state that that they are required to file financial reports or audits, but auditors won't know how it was all spent for another year.

[TaxRelief]

North Carolina awarded $580 million in grants last year

$580 million? Sounds like an underestimate.

[TaxRelief]

FYI: North Carolina awarded $580 million in grants last year... Here is a piece of the "Where does all that tax money go?" puzzle.

NC *Ping*

Please FRmail Constitution Day, Alia OR TaxRelief if you want to be added to or removed from this North Carolina ping list.

[krb]

Wow! That is a lot of money.