The Balance Sheet

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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For announcements and resources related to ARPA funds and the impacts of COVID-19, visit our Local Government ARPA Resources page.

ARPA Resources

 

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Free training from EFC

For local governments that provide water and/or sewer services

New Guidance Regarding ARPA Funds

The AFIR must be submitted by all counties and municipalities

2022 Annual Financial Information Report (AFIR) Due October 31

The AFIR must be submitted by all counties and municipalities

Issues with AFIR Upload

What to do if you receive file load error

Updates to Data Input Workbooks

Memo to assist with changes to G.S. 159-29

Revised Fidelity Bond Requirements

Memo to assist with changes to G.S. 159-29

Compliance Requirements for Revenue Replacement Expenditures

Coates’ Canons Blogpost Provides Details

Revised Illustrative Financial Statements for Carolina County Now Available

Revisions Related to ARPA and Opioid Settlement Funds

Updates Coming to Carolina County Illustrative Financial Statements

Changes to Address Reporting of ARPA and Opioid Settlement Funding

Debt Inquiry Form Now Available

Are you a local government or public authority in North Carolina that:

GASB 87 – Leases : Frequently Asked Questions

To assist NC local governments with implementing Governmental Accounting Standards Board (GASB) Statement No.

2022 Annual Financial Information Report (AFIR)

Reminder for all counties and municipalities: The 2022 Annual Financial Information Report (AFIR) is now available on the U.S.

ARP: UG and SOG Office Hours

Two quick reminders related to ARP:

Important Updates to Data Input Workbooks

The 2022 Data Input Workbooks that were posted in late August have been updated to address several issues that were identified by auditors and LGC staff.

Memo 2023-05: Issues related to audits for FYE June 30, 2022

Last week, the State and Local Government Finance Division issued Memo No. 2023-05 that discusses various issues related to audits for fiscal year ended June 30, 2022.  Specifically,