The Balance Sheet

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.

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.

*REVISED January 28, 2022*

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

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.

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 SLGFD@nctreasurer.com if you have any questions. 

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. 

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 

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. 

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.

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: