Finance
Page Navigation
Finance Department
-
The Finance Department is committed to providing exceptional customer service to our employees, vendors and schools in maximizing all financial resources. Our team is responsible for all financial functions and reporting. This includes but is not limited to:
- Annual budget
- Annual Comprehensive Financial Report (ACFR)
- Audit and compliance
- Purchasing/contracts
- Accounts payable
- Employee payroll
- Employee benefits
- N.C. State Retirement Plan (pension plan)
- N.C. State Health Plan
- Management of employee insurance programs (Colonial products, dental, vision, life, FLEX)
- Tax deposits
- Cash management
- Reporting and compliance with federal, state and local regulators
Reports and Statements
-
Annual State Expenditures
Per GS 115C.25(c), each LEA must post state expenditures on its website. As a reminder, the legislation is as follows:
To ensure that parents, educators, and the general public are informed on how state funds have been used to address local educational priorities, each local school administrative unit shall publish the following information on its website by October 15th of each year:
- A description of each program report code, written in plain English, and a summary of the prior fiscal year's expenditure of state funds within each program report code.
- A description of each object code within a program report code, written in plain English, and a summary of the prior fiscal year's expenditure of state funds for each object code.
- A description of each allotment transfer that increased or decreased the initial allotment amount by more than five percent (5%) and the educational priorities that necessitated the transfer.
- A description of any transfer of funds from the textbook and digital resources allotment into another allotment category with an explanation of why the transfer for the textbooks and digital resources allotment was made to a different allotment category.
- A chart that clearly reflects how the local school administrative unit spent state funds.
Resources
-
Financial Statements
The Finance Department has received the distinguished "Certificate of Achievement for Excellence in Financial Reporting" award from the Government Finance Officers Association for the fiscal year ended June 30, 2022. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
Annual Comprehensive Financial Report
