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NSP Draw Down Process

NSP Draw Down Process. Award Package. (Chapter 1) Prior to draw downs Statement of NSP Award Statement of General and Special Conditions Authorization Agreement for Automatic Deposits Form (ACH) A Voided Check Authorized Signature Card Civil Rights Compliance Certification Form.

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NSP Draw Down Process

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  1. NSP Draw Down Process

  2. Award Package (Chapter 1) Prior to draw downs • Statement of NSP Award • Statement of General and Special Conditions • Authorization Agreement for Automatic Deposits Form (ACH) • A Voided Check • Authorized Signature Card • Civil Rights Compliance Certification Form NSP Draw Down Process

  3. Requests for NSP draw downs Mail to: Office of Community Development Georgia Department of Community Affairs Post Office Box 15523 Atlanta, Georgia 30333 NSP Draw Down Process

  4. NSP Draw Downs (ChapterI) • Separate non-interest bearing bank account • Once a week • Submitting draw requests • Matching 2 signatures • 7 days process • Automatic deposit of funds NSP Draw Down Process

  5. Program Amendments/Budget Revisions (Chapter 1) Must request amendment and receive approval • Add/delete approved Activity • Budget revisions between activities - 20% • Grant adjustments NSP Draw Down Process

  6. Audits (Chapter 3) • Recipients contract independent auditor • OMB Circular A-133 - $500,000 • Over $500,000 – single audit • Less than $500,000 – exempt from Federal audit NSP Draw Down Process

  7. Audits Continued (Chapter 3) • 30 days after issuance • At latest 13 months after end of audit period • Audits reviewed by DCA • Notification letter NSP Draw Down Process

  8. Retention of NSP Records(Chapter 1) • Financial records – 3 years from date issued by DCA • Records for non-expendable property – 3 years after final disposition of property NSP Draw Down Process

  9. Cindi Bernhardt Phone # 404-679-3169 E-mail Cindi.Bernhardt@dca.ga.gov NSP Draw Down Process

  10. Crystal Shelly Phone # 404-679-1582 E-mail Crystal.Shelly@dca.ga.gov NSP Draw Down Process

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