NOTE: Review the Audit Deadlines for Units Seeking LGC Approval of Debt (read more).
Sample Financial Statements
Resources to provide guidance to all units of government and their auditors in the preparation of financial statements which incorporate Governmental Accounting Standards Board statements and NC State statutes. 

Municipality
Sample financial statements for the City of Dogwood.  Includes presentations for discretely presented component units and the alternative valuation method for Other Post-Employment Benefits (OPEB).
 
City of Dogwood Type ​​Revision Date
City Financial Statements PDF 10/10/2019
City MD&A Word 10/10/2019
City Exhibits and Schedules Excel 10/10/2019
City Independent Auditor's Report Word 10/10/2019
City Notes to the Financial Statements Word 10/10/2019
City Summary of Changes PDF 10/10/2019
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County
Sample financial statements for Carolina County.  Includes presentations for blended and discretely presented component units and pertinent secondary market disclosure schedules.
 
Carolina County Type ​​Revision Date
County Financial Statements PDF 10/7/2019
County MD&A Word 9/26/2019
County Exhibits and Schedules Excel 9/26/2019
County Independent Auditor's Report Word 9/26/2019
County Notes to the Financial Statements Word 9/26/2019
County Summary of Changes PDF 9/26/2019

Board of Education
Sample financial statements for Carolina County Board of Education.
 
Carolina County Board of Education Type ​​Revision Date
BOE Financial Statements PDF 10/31/2019
BOE MD&A​ Word 10/31/2019
BOE Exhibits and Schedules Excel 10/31/2019
BOE Independent Auditor's Report Word 10/31/2019
BOE Notes to the Financial Statements Word 10/31/2019
BOE Summary of Changes PDF 10/31/2019
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Charter Schools
Sample financial statements for charter schools.
 
Cardinal Charter, Inc.
Cardinal Charter, Inc. financial statements present reporting for a non-profit charter holder for one school and includes a unit-wide budget presentation.
 
           
Owl Charter, Inc.
 
Owl Charter, Inc. financial statements present reporting for a non-profit charter holder for more than one charter school.  Budgets are presented by individual school.
 

Public Housing Authority
 
Sample financial statements for City of Dogwood Public Housing Authority.  Present a special purpose government engaged in business-type activites only.
 
Other Financial Statement Templates
 
Government-wide statements for a District of Health and a Council of Government.  Also includes the alternative presentation for Single Program Governments such as Tourism Development Authorities.
 
Resource Type ​​Revision Date
Districts of Health Excel 7/28/2017
Councils of Government Excel 7/28/2017
Alternative Presentation for Single Program Governments Excel 7/28/2017
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Other Financial Statements and Related Resources
 
Audit Opinions
Sample audit opinions for most reporting situations. Includes adverse and qualified opinions.
Sample Reports

Sample Deficiencies

Worksheet Tools
Templates for the calculation of financial statement components, including Restricted by State Statute, Fund Balance Available, and Net Investment in Capital Assets, and depreciation expense for governmental fund capital assets.

Related Links
Web resources that are useful to preparers and users of financial statements. ​

Other Resources