The Balance Sheet

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The Balance Sheet

The Balance Sheet is the blog of the Local Government Commission staff. Click below to sign up to receive email alerts when new blog posts are released.

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New Website Security Procedure for Annual Financial Information Report Submission

The US Census website has deployed a new security procedure on the login page that counties and municipalities use to submit their Annual Financial Information Report. 

Free Training on Water and Sewer Finances – Three Locations!

SERCAP (Southeast Rural Community Assistance Project, Inc.) announces its 9th year presenting

Post Issuance Compliance Requirements for Tax Exempt Debt Issuance

Arbitrage rebate and yield restrictions aren’t things that most issuers have been concerned about over the past several years – very low investment earnings rates essentially eliminated concern about exceeding any limits on earnings

LOGOS Account Information

Thanks again to all the units that have submitted their account requests for the new LOGOS system.

IMPORTANT! New LGC 203 Process for December 31, 2019 Reporting Cycle!

As of the December 31, 2019 report date, all LGC-203 reports will be submitted via LOGOS, a new online reporting system. We will no longer provide Excel report forms or accept emailed or mailed reports.

Updated BOE Conversion Workbook Now Available

The updated BOE conversion workbook is now available on our website.  You can access it

Registration for Online Finance Class Now Open!

​Registration for this course opened on Friday, November 1, and can be accessed at http://cpcc.edu.  You also may call 704-330-4223 to register.  The course is FIN7900-80 - Local Government Finance.  Class will begin January 13, 2020 and end on May 4th.  The cost is $125

My audit is late - what happens now?

One of the most frequent questions we get this time of year is “my audit wasn't submitted by October 31st?  What happens now?"

New from Federal Audit Clearinghouse and OMB re Single Audits for FYE June 30, 2019

The Federal Audit Clearinghouse (FAC), as instructed by the Office of Management and Budget, has contacted auditors and auditees of record to inform them that they may use either the June 2019 or August 2019 OMB Compliance Supplement for single audits with reports dated October 31, 2019 or before.  Previous guidance from OMB stated the August 2019 OMB Compliance Supplem