Blog Entry List
The US Treasury recently released updated reporting requirements for certain broadband infrastructure reporting categories. Please note that these new requirements do not apply to GREAT grants that have been categorized as revenue replacement (expenditure category 6.1). However, if you have a GREAT grant that was not classified as revenue replacement, these changes will likely apply to you. NCDIT will be providing guidance for those of you that have GREAT grants for which the new reporting rules apply.
Pension Journal Entry templates for the 2023 financial statements are now posted on our website for your use. You can find the entries that you need on our Financial Statement Resources webpage for your specific unit type.
Beginning with the June 30, 2023 reporting period, and except as otherwise provided below, local governments and public authorities (as defined in N.C.G.S. 159-7) required to submit both the COLL-91 Form and the LGC-203 Report will submit both reports simultaneously using the new LGC-203/COLL-91 module within LOGOS (the “LGC-203/COLL-91 Module”).
The 2023 Treasurer’s Conference, hosted by the UNC School of Government and the Department of State Treasurer, will be held virtually from 9:00am – 12:30pm on June 15, June 20, and June 22.Please visit the conference webpage for details on registration and for the conference agenda.
Please Note: This post was updated May 23, 2023 (as indicated in bold text below) to provide clarification on the applicable dates.For a number of years, as part of their audit of the pension liability allocation tables, OSA required a sample of participant employers in the LGERS and TSERS systems to hire an independent CPA to perform a pension attest engagement on the employer's data and contributions to the pension systems.
On March 7, 2023, the Local Government Commission adopted updated “Guidelines for the Review and Approval of Debt Applications” for units of local government wishing to issue debt. These guidelines provide a summary of the fiscal management and debt management items that the LGC may consider, and are meant to assist applicants in receiving timely approval of financing requests.
LGC staff has published a memo and developed an Excel worksheet template related to GASB Statement 96 - Subscription-Based Information Technology Arrangements. These resources are available on our GASB Resources webpage.
The UNC School of Government is offering a two-day course on “Effective Internal Controls for Local Governments” on May 23 and 24. See details and register here.
Each unit must fulfill this requirement through publication of its own report pursuant to the requirements of the law.
The next due date for the ARP/CSLFRF Project & Expenditure Report is April 30.
Commercial paper investment requirements and how to report
Learn about the basics of local government finance and the requirements of the Local Government Budget and Fiscal Control Act
Related to the LGC certification of a mutual fund for local government investment