The Balance Sheet

Are you a local government or public authority in North Carolina that:

To assist NC local governments with implementing Governmental Accounting Standards Board (GASB) Statement No.

Reminder for all counties and municipalities: The 2022 Annual Financial Information Report (AFIR) is now available on the U.S.

Two quick reminders related to ARP:

The 2022 Data Input Workbooks that were posted in late August have been updated to address several issues that were identified by auditors and LGC staff.

Last week, the State and Local Government Finance Division issued Memo No. 2023-05 that discusses various issues related to audits for fiscal year ended June 30, 2022.  Specifically,

Resources and instructions for submission of 2022 audit reports are now available on our Submitting Your Audit webpage, including

The deadline for LGFCU members to apply for scholarships for SOG courses being taught between October 1 and December 31, is September 1.  Don’t miss this opportunity to get financial assistance for tuition for SOG training.

Counties and certain municipalities are now receiving allocations of the “National Opioid Settlement Agreement,” whose funds are to be used specifically for expenditures related to opioid remediation activities.

Wilson Community College will be offering “Local Government Finance” this fall, from August 22 through October 21. The course is being offered online for $125 plus a $5 technology fee. To register, please call 252-246-1287 by August 19.

The UNC School of Government is hosting a free, live course on August 10, 2022, via zoom from 8:00am-5:00pm. The course, entitled “From A to Z: Using American Rescue Plan Act Recovery Funds to Directly Fund a Capital Project” will focus on the process and requirements for expending American Rescue Plan Act local fiscal recovery funds for a capital project.

The Division of Water Infrastructure in the N.C. Department of Environmental Quality announces training on completing applications for water/wastewater/stormwater funding for the Fall 2022 funding round.

Training will be offered from August 2 to August 10 at six sites statewide: Asheville, Valdese, Kernersville, Pembroke, Williamston, and Raleigh.

Central Piedmont Community College will be offering “Local Government Finance” this fall semester.

The course is online, $125, and will be held from September 12 through December 12, 2022. To register and pay for the class, please call 704-330-4223.

The State’s accounting system (NCAS) is being replaced with the North Carolina Financial System (NCFS). Payments of tax distributions are currently processed by the Department of Revenue using NCAS, but will be processed via the new system once it goes live. The NCFS requires specific information needed to allow payments to be processed that is not currently in the NCAS.