The Balance Sheet

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The Balance Sheet

The Balance Sheet is the blog of the Local Government Commission staff. Click below to sign up to receive email alerts when new blog posts are released.

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For announcements and resources related to ARPA funds and the impacts of COVID-19, visit our Local Government ARPA Resources page.

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Click in the search box below to access blog archives or find blogs related to a particular subject matter.

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Now Available: FY 2026 Firefighters’ and Rescue Squad Workers’ Pension Fund Disclosure Amounts

The staff of the Local Government Commission (LGC) has released Memorandum #2027-01, containing disclosure information for the Firefighters’ and Rescue Squad Workers’ Pension Fund (FRSWPF) for the fiscal year ended June 30, 2026.

LGC-203/COLL-91 Report Due July 25

Reminder: The LGC-203/COLL-91 Cash and Investments report for the June 30, 2026 reporting period is due on or before July 25, 2026.

Management of Cash and Taxes and Fund Balance Available FY 2025 Reports Now Available

The Management of Cash and Taxes and Fund Balance Available reports for counties and municipalities for fiscal year 2025 are now available through our online report server. This online interface provides access to reports for audit years 2021 and later, as available.

Statistical Information on Electric System Operations FY 2025 Report Now Available

The Statistical Information on Electric System Operations report for fiscal year 2025 is now available through our online report server. This online interface provides access to reports for fiscal years 2022 and later.

Reminder: 2026 Treasurer’s Conference

The 2026 State Treasurer’s Conference, hosted by the UNC School of Government and the Department of State Treasurer, will be held virtually from 9 a.m. to 1 p.m. on Tuesday, June 16, and Wednesday, June 17.

Technical Budget Violations Related to GASB 87 and GASB 96

North Carolina local governments are advised of the following LGC staff guidance regarding budget violations attributed to the implementation of Governmental Accounting Standards Board (GASB) Statements No. 87 and No. 96:

Now Available: FY 2025 Report on County Spending on Public School Capital Outlay

The staff of the Local Government Commission (LGC) has released Memorandum #2026-06: Report on County Spending on Public School Capital Outlay, issued May 1, 2026, and containing data for the fiscal year ended June 30, 2025.

Help Shape the Future of the Auditors’ Conference — Take Our Quick Survey

LGC staff are planning this year’s Local Government Independent Auditors’ Conference, and we want to make sure it delivers exactly what you need. 

Save the Dates / Feedback Requested: 2026 Auditors’ Conference and Treasurer’s Conference

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

Late Audits as of April 1, 2026

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 Reminders and Resources

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

FY 2026 Audit Contract Form Now Available

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

LGC-203/COLL-91 Report Due January 25

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.

Now Available: LGC Staff Memo on Continuing Disclosure Requirements

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

FY 2025 Financial Statement Resources Now Available

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

Contact Us

How can we help? Contact SLGFD staff: (919) 814-4300 or SLGFD@nctreasurer.gov.