The Balance Sheet

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.

The 2025 Annual Financial Information Report (AFIR) is now available on the AFIR page

The staff of the Local Government Commission (LGC) has issued a revised and expanded version of Memorandum #2015-15: Internal Controls for a Small Unit of Government.

Annual debt payment notices issued to local governments and public authorities for the current fiscal year are now available on the Debt Reports and Notices page of the LGC website.

The staff of the Local Government Commission (LGC) has released a new memorandum discussing Statement No. 102 of the Governmental Accounting Standards Board (GASB).

A new memo is available on the Department of State Treasurer website containing important information on retirement and investment disclosures for the fiscal year ended June 30, 2025. 

Instructions and resources for submitting FY 2025 audited financial statements and related documents are now available on the LGC website under the “Submitting Your 2025 Audit” page.

A new memo announcing the third round of cashflow loans for local governments affected by Hurricane Helene is available on the Department of State Treasure