The Balance Sheet

We have been informed that DHHS discovered a data issue with the DAAS Audit Confirmation information due to the consolidation of NCAS and NCFS data for FY24. These reports have now been updated.

LGC staff have identified and corrected issues with Data Input Workbooks (DIWs) for:

• Municipalities
• Boards of Education K-Z
   

Action Required
If you are a unit in one of these categories and:

Reminder for all counties and municipalities: The fiscal year 2024 Annual Financial Information Report (AFIR) template is now available. The AFIR must be submitted by all counties and municipalities; other unit types are not required to submit this report.

Staff of the LGC, along with staff of the entire Department of State Treasurer, extends our thoughts to everyone in western North Carolina and all those impacted by the devastation of Hurricane Helene.

Resources and instructions for submission of FY2024 audit reports are now available on our Submitting Your Audit webpage, including 

LGC staff is working to make FY2024 audit resources available in the coming weeks, including Data Input Workbooks and illustrative financial statements. Be on the look-out for blog post announcements when these resources are available.  DIWs are scheduled for availability by September 20 with other resources to be published as soon as possible.

The process for counties and municipalities to submit their Annual Financial Information Report (AFIR) is changing. Beginning with FY2024 AFIRs, the U.S. Census Bureau will no longer be providing a website for AFIR uploads. Department of State Treasurer staff is working on an alternate method for submission and details will be announced soon.

Please note:

The "Local Government Finance" course is a great opportunity to learn about the basics of local government finance and the requirements of the Local Government Budget and Fiscal Control Act.

The LGC-203 / COLL-91 Cash and Investments report for the June 30, 2024, reporting period is due on or before July 25, 2024. 

The Statistical Information on Electric System Operations reports for fiscal years 2022 and 2023 are now available through our online report server. This online interface provides access to reports for fiscal years 2022 and later.

The Management of Cash and Taxes and Fund Balance Available for Counties and the Management of Cash and Taxes and Fund Balance Available for Municipalities reports for fiscal years 2022 and 2023 are available through our online report server.

The "Local Government Finance in North Carolina – A Practical Approach" course is a great opportunity to learn about the basics of local government finance and the requirements of the Local Government Budget and Fiscal Control Act.

Section 36.3.(a) of Session Law 2023-134 (HB 259) amended G.S. 159-61(d), which sets forth the form of the ballot question to be used for local government general obligation bond referenda.

Reminder that the 2024 Independent Auditors’ Conference sponsored by the Department of State Treasurer and the UNC School of Government will be held on:

May 2, 2024, 9:00 am – 3:30 pm 

via ZOOM 

The 2024 Treasurer’s Conference, hosted by the UNC School of Government and the Department of State Treasurer, will be held virtually from 9:00am – 1:00pm on Tuesday, June 18 and Thursday, June 20.