The Balance Sheet

The "Local Government Finance in North Carolina – A Practical Approach" course is a great opportunity to learn about the basics of local government finance and the requirements of the Local Government Budget and Fiscal Control Act.

Section 36.3.(a) of Session Law 2023-134 (HB 259) amended G.S. 159-61(d), which sets forth the form of the ballot question to be used for local government general obligation bond referenda.

Reminder that the 2024 Independent Auditors’ Conference sponsored by the Department of State Treasurer and the UNC School of Government will be held on:

May 2, 2024, 9:00 am – 3:30 pm 

via ZOOM 

The 2024 Treasurer’s Conference, hosted by the UNC School of Government and the Department of State Treasurer, will be held virtually from 9:00am – 1:00pm on Tuesday, June 18 and Thursday, June 20.

Updated April 1, 2024

If your unit of government had a single audit performed under the federal requirements found in the Uniform Guidance §200.501 for fiscal year ending June 30, 2023, this is to remind you that your unit’s audit report is required to be submitted to the federal government via the Federal Audit Clearinghouse (FAC) by March 31, 2024, if you have not already done so.

Rules related to the certification of mutual funds for investment by local governments were updated effective October 1, 2023. Please see this webpage for a summary of these updates.

The "Local Government Finance in North Carolina – A Practical Approach" course is a great opportunity to learn about the basics of local government finance and the requirements of the Local Government Budget and Fiscal Control Act.

Reminder: the LGC-203 Cash and Investments report for the December 31, 2023, reporting period is due on or before January 25, 2024. You were able to initiate and submit your LGC-203 report for the December 31 reporting date via the LOGOS system beginning on January 1, 2024.

This blog post is a public service announcement to assist state agencies and political subdivisions of the State of North Carolina in understanding their obligations under the Iran Divestment Act and, in particular, the

Audit contract forms have been updated and are now available on the “Submitting Your Audit” webpage. 

LGC staff have identified and corrected issues with Data Input Workbooks (DIWs) as described below.

PLEASE USE THE REVISED DIWs DATED AS NOTED BELOW.

The Myth of December 1

LGC staff is preparing a number of resources that will be posted to our website soon.

Illustrative Financial Statements

LGC staff have identified and corrected issues with Data Input Workbooks (DIWs) as described below. Note that all DIWs now have a version date of 10-13-2023 except for mental health and health district units, which have a revision date of 10-18-2023.

PLEASE USE THE DIWs DATED 10-13-2023 OR 10-18-2023 FOR ANY FY2023 AUDITS NOT YET SUBMITTED.