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


Click in the search box below to access blog archives or find blogs related to a particular subject matter.

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Premium Pay and UST Final Rule

There is a new blog post on Coates' Canons regarding premium pay for local government employees. Some of the rules changed a bit in the UST Final Rule that was issued recently.

Fiscal Training for Local Government Board Members

LGC staff has developed fiscal training for local government board members on some of the key aspects of the Local Government Budget and Fiscal Control Act.  Although this training is useful for anyone involved in a local government or public authority in North Carolina, it has been specifically developed for elected officials.

ARPA Final Rule and Procurement Requirements for Audit Services

*REVISED January 28, 2022*

Spring 2022 Offerings of Local Government Finance Class

“Local Government Finance” is again being offered by North Carolina community colleges in spring 2022.

ARPA and Uniform Guidance

Kara Millonzi at the UNC School of Government has issued a new blog post on ARPA funds and the Uniform Grant requirements that come along with those funds. This post discusses the allowable costs under UG, applicable cost principles, and provides a sample policy and tools for implementation.

Process Timeline

Please allow two weeks for the processing of invoices, contracts, and audit submissions. Due to the influx of audits and the implementation of new processes, we are working diligently to process all documents as timely as possible. Thank you for your patience and feel free to contact us at if you have any questions. 

Free Webinar From the IRS

The IRS is offering a free webinar on a topic that is relevant to local governments:  “Who is an Employee?” is being offered free of charge on December 16, 2021, at 1:00 pm.  Please see the IRS announcement for more information and to register. 

2021 Audit Review Season Reminders

With the 2021 audit review season, we are continuing our transition to an automated risk-based approach to reviewing your audits. We are experiencing some delays in the 2021 reviews while we implement these changes. We ask for your patience as we transition to the new process.   

Premium Pay Program Checklist 

The UNC School of Government has published a checklist for local governments to use when considering use of ARPA funds for premium pay. We strongly encourage you to review this checklist before making payments to employees. You can access the checklist 

2022 Debt Application Due Dates

A unit of government with a June 30 fiscal year end that is seeking debt approval in November or a later month will need to have the fiscal year 2021 audited financial statements and other documents submitted to the LGC staff before the application can proceed.  Below are the deadlines for calendar year 2022. 

FY 2021 Audit Report Due Date

Many of you have been asking about audit due dates, extensions, and amended contracts. If you have a June 30 fiscal year end, the due date for your audit report is October 31. We do not offer extensions for that deadline.

Delay in ARPA Reporting Deadlines

To all counties and municipalities:

The U.S. Treasury  has delayed the next round (for counties and metro cities) and first round (for NEUs) of reporting for ARPA funds.  The new reporting deadlines are as follows: