North Carolina Session Law 2020-3, Section 4.29.(a) modified NCGS 159-33.1 and implemented a new reporting requirement regarding the financial impact of COVID-19. The finance officer of each county, municipality, water district or authority, sewer district or authority, sanitary district, and metropolitan sewage district must report the requested financial data to the LGC no later than February 15, 2021 for the period from July 1, 2019 to December 31, 2020.
A list of units subject to the reporting requirement, data that must be reported, and more details can be found on our COVID-19 Impact Report webpage.
LGC staff is currently working on a report template for units to use to submit the required data and will make the template available in early December. Units will need to provide the data requested in the template and email the completed report to LGC Staff no later than February 15, 2021.
The information submitted will be analyzed and presented by the LGC to members of the General Assembly. By completing the report, you are helping to ensure that the most accurate and comprehensive analysis of the financial impacts of COVID are presented.
We will continue to make announcements via the LGC Staff Blog about the report, and will also be reaching out to the finance officers of all units subject to the reporting requirement to be sure they’re aware of the requirement.
If you have any questions or need any information on the COVID Impact Report, please email CIR@nctreasurer.com.