Sample Financial Statements
Resources to provide guidance to all units of government and their auditors in the preparation of financial statements which incorporate Governmental Accounting Standards Board statements and NC State statutes. 

Municipality
Sample financial statements for the City of Dogwood.  Includes presentations for discretely presented component units and the alternative valuation method for Other Post-Employment Benefits (OPEB).
 
City of Dogwood Type ​​Revision Date
City Financial Statements PDF 9/20/2018
City MD&A Word 8/6/2018
City Exhibits and Schedules Excel 8/30/2018
City Independent Auditor's Report Word 8/6/2018
City Notes to the Financial Statements Word 8/6/2018
City Summary of Changes PDF 9/20/2018
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County
Sample financial statements for Carolina County.  Includes presentations for blended and discretely presented component units and pertinent secondary market disclosure schedules.
 
Carolina County Type ​​Revision Date
County Financial Statements PDF 8/29/2018
County MD&A Word 8/22/2018
County Exhibits and Schedules Excel 8/29/2018
County Independent Auditor's Report Word 8/22/2018
County Notes to the Financial Statements Word 8/29/2018
County Summary of Changes PDF 9/21/2018

Board of Education
Sample financial statements for Carolina County Board of Education.
 
Carolina County Board of Education Type ​​Revision Date
BOE Financial Statements PDF 8/1/2018
BOE MD&A​ Word 8/1/2018
BOE Exhibits and Schedules Excel 8/1/2018
BOE Independent Auditor's Report Word 8/1/2018​
BOE Notes to the Financial Statements Word 8/1/2018​
BOE Summary of Changes PDF 8/2/2017​
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Charter Schools
Sample financial statements for charter schools.
 
Cardinal Charter, Inc.
Cardinal Charter, Inc. financial statements present reporting for a non-profit charter holder for one school and includes a unit-wide budget presentation.
 
           
Owl Charter, Inc.
 
Owl Charter, Inc. financial statements present reporting for a non-profit charter holder for more than one charter school.  Budgets are presented by individual school.
 
Owl Charter SchoolType​​Revision Date
Owl Charter School Financial StatementsPDF12/7/2018
Owl Charter School MD&AWord12/7/2018
Owl Charter School Exhibits and SchedulesExcel12/7/2018
Owl Charter School Independent Auditor's ReportWord
Owl Charter School Notes to the Financial StatementsWord12/7/2018
​Owl Charter School Summary of ChangesPDF
​Owl Charter School Tables for MD&A and NotesExcel

Public Housing Authority
 
Sample financial statements for City of Dogwood Public Housing Authority.  Present a special purpose government engaged in business-type activites only.
 
Other Financial Statement Templates
 
Government-wide statements for a District of Health and a Council of Government.  Also includes the alternative presentation for Single Program Governments such as Tourism Development Authorities.
 
Resource Type ​​Revision Date
Districts of Health Excel 7/28/2017
Councils of Government Excel 7/28/2017
Alternative Presentation for Single Program Governments Excel 7/28/2017
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Other Financial Statements and Related Resources
 
Audit Opinions
Sample audit opinions for most reporting situations. Includes adverse and qualified opinions.
Sample Reports

Sample Deficiencies

Worksheet Tools
Templates for the calculation of financial statement components, including Restricted by State Statute, Fund Balance Available, and Net Investment in Capital Assets, and depreciation expense for governmental fund capital assets.

Related Links
Web resources that are useful to preparers and users of financial statements. ​

Other Resources