The Balance Sheet

Note: This post was updated on 4/23/2026 to reflect the new date of the 2026 Auditors' Conference.

An important note for counties and municipalities regarding audits that are not submitted to the Local Government Commission (LGC) on or before March 31:

Local government budget development is underway! Budget ordinances must be adopted by July 1, but there are other steps required along the way.

The LGC-205 Standard Audit Contract Form for FY 2026 is now available on the Submitting Your Audit Contract & Audit Report page of the Department

Reminder: The LGC-203/COLL-91 Cash and Investments report for the December 31, 2025, reporting period is due on or before January 25, 2026.

The staff of the Local Government Commission (LGC) has released Memorandum #2026-05: Continuing Disclosure Requirements of Rule 15c2-12.

Carolina County and City of Dogwood Illustrative Statements and Financial Statement Resources, which includes the Conversion Workbook, Conversion Workbook for OPEB Trust – Blank, and Conversion Workbook for no OPEB Trust – Blank for the fiscal year ended June 30, 2025, are now available on our

On Monday, Dec. 1, the Government Finance Officers Association (GFOA) will offer a free webinar discussing the “No Tax on Overtime” guidance published Nov. 21 by the IRS.

Note: This post has been updated to reflect the Nov. 25 release of the 2025 OMB Compliance Supplement.

Users of the North Carolina Local Government System (LOGOS) are advised that LOGOS will be unavailable from 8 a.m. to 12 p.m. on Sunday, Nov. 23, due to scheduled network maintenance.

As part of the FY 2025 audit submission process, units and their contracted audit firms must have access to the North Carolina Local Government System (LOGOS).

As a result of the current federal government shutdown, the release of the final Office of Management and Budget (OMB) Compliance Supplement for 2025 has been delayed.