Blog Entry List

The LGC-203 Cash and Investments report for the June 30, 2020 reporting period is due on or before July 25, 2020. You may initiate and submit your LGC-203 report for the June 30 reporting date beginning July 1, 2020.

Local governments in North Carolina are currently receiving and expending funds from the Coronavirus Aid Relief, and Economic Security Act (CARES). CARES Act federal funding is from the US Department of State Treasury (Treasury).

Accounting and Reporting for CARES Act Funding:

The federal government passed the Coronavirus Aid, Relief, And Economic Security Act (CARES Act) on March 27, 2020.

Recently, more than one NC local government finance officer has been presented with an annuity investment as an allowable investment option.

Executive Order 142 was issued by Governor Cooper on May 30, 2020, and extends for another 60 days the requirements of Executive Order 124 (EO 124) concerning utilities operated by local g

The auditing community has expressed concern about its ability to complete CPE requirements due to the COVID-19 pandemic.

Units should continue to comply with the daily deposit requirements of GS.

The GASB recently released Statemen

COVID-19 has impacted local governments in many ways, not the least of which is interfering with the timeline for completing a June 30, 2020 audit.

As with most events recently, our annual State Treasurer’s Conference will be offered in a different format this year.

Short of having a crystal ball, finance and budget officers don’t have a lot to go on to de

One of the General Assembly’s first two coronavirus pandemic response bills, SB 704 in Section 2.3, establishes the “Local Government Coron

Senate Bill 704 (S.L 2020-3), signed into law on May 4, 2020 by Governor Cooper, extends the due date of any credentials, permits, and registrations issued by DMV, and waives any penalties or fees for not complying with the original due dates of such items.

As required by G.S. 159-35, the Local Government Commission staff has emailed statements of debt service obligations to local governments.