Stymied after multiple attempts to gain cooperation from the struggling town of East Laurinburg to correct major bookkeeping, banking and auditing deficiencies, the Local Government Commission (LGC) has voted to impound the town’s books and assume full control of its finances.
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State Treasurer Dale R. Folwell, CPA, called on State Auditor Beth Wood to investigate the financial statements of Rural Hall. The Forsyth County town of 3,351 residents has recently experienced turmoil with the resignations of three of the four members of the Town Council as well as the town’s manager.
Updated report on Hospital Charity Care and Hospital Profits: Hospital Charity Care Report.pdf
Executive Director John Nash Says Windfall Will Help Raise Awareness About Disabled Workers
State Treasurer Dale R. Folwell, CPA, announced his continued opposition to legislation that would give the Internal Revenue Service (IRS) sweeping new powers to monitor Americans’ bank accounts. The original proposal would have required banks, credit unions and other financial institutions to annually report on accounts and withdrawals amounting to $600.
I would like to thank State Auditor Beth Wood and her staff for their hard work in today’s audit that found misappropriations of funds in East Laurinburg. In addition, I am asking the North Carolina General Assembly to immediately decharter East Laurinburg.
State Treasurer Dale R. Folwell, CPA, said North Carolina is in the throes of an “employment crisis” and businesses struggling to find workers should consider hiring people living with intellectual and developmental disabilities.
State Treasurer Dale R. Folwell, CPA, acknowledged today that he received a letter from the National Legal and Policy Center (NLPC) requesting that North Carolina join others in “the immediate divestiture of Unilever [Ben & Jerry’s] holdings in all public pension funds managed and controlled by the State of North Carolina.” State
Agriculture Commissioner Troxler and Bandwidth CEO/co-founder David Morken to Attend
The Local Government Commission has voted to take over the finances of Spring Lake, citing concerns the town might be in danger of default on November debt service payments totaling $221,385 without corrective measures. The rare action comes two months after a powerful warning to town officials they needed to get their budget and fiscal control practices in order.