N.C. Dept. of Treasurer Publishes ARP Auditing, Reporting Guidance

Note from the N.C. Treasurer highlights several important points regarding ARP accounting

One of the most frequently asked questions from our local governments — and one of the most frequently stressed issues of importance by many relevant experts — is about accounting and reporting of ARP funds.

To assist in this matter, the N.C. Department of Treasurer issued a note of guidance on May 28 covering several of the most central points of interest. These include:

• Receiving and Holding Funds

• Accounting Points

• Auditing Points

• Budgeting Points

• General Guidance

The League encourages all local governments to review this note, which can be read in full here. We have also published this note in our State of N.C. Guidance section of this website, here.