G.S. 159-28 is often referred to as the “preaudit statute,” but it actually prescribes two distinct legal processes—the preaudit process and the disbursement process. The statute envisions that most local government expenditures will be subject to both processes. As discussed in previous posts (see here, here, and here), the preaudit process (found in G.S. 159-28(a)) […]
Posts Tagged ‘budget ordinance’
Internal Controls: Who Is Authorized to Open a Bank Account and to Deposit and Disburse Public Funds?
Thursday, July 26th, 2012Sheriff Andy Taylor holds a fundraiser to raise money for, and promote awareness of, his office’s drug abuse resistance education (D.A.R.E.) program. The office raises approximately $5,000 in cash and checks from the fundraiser (selling Aunt Bee’s famous pies) and Sheriff Taylor promptly deposits these funds into a bank account that he has opened at […]
FAQs on Adopting the Budget Ordinance
Thursday, June 14th, 2012Local governments across the state are scrambling to finalize and adopt their budgets before July 1. This post provides a brief overview of the applicable procedural requirements and addresses frequently asked questions about the budgeting process.
Amending a Newly Adopted Budget Ordinance Before July 1
Monday, June 13th, 2011After a contentious and stressful budget season, Carolina County’s governing board adopts its annual budget ordinance on June 13, 2011. The budget reflects tough decisions by the board about how to allocate limited resources among competing priorities. However, because the state’s budget has not been enacted (the State Appropriations Act–HB 200 was ratified by the […]