Statewide Policy Directory

Displaying 1 - 25 of 103

North Carolina General Statutes require the Office of the State Controller to issue policy for certain operations that guide all affected state agencies. Those policies are listed in this area and the affected agencies are indicated in the policy themselves.

Title Summary
101.1 - Statewide Accounting Policy - Cash, Cash Equivalents, and Pooled Cash

Cash and cash equivalents consist of the pooled cash accounts of the State Treasurer and the following items managed by agencies and institutions of the State and its component units:

Undeposited receipts
Petty cash
Checking accounts outside the State Treasurer
Time deposits outside the State Treasurer, excluding certificates of deposit, which are considered investments.

Cash and cash equivalents are reported on both the balance sheet and the statement of cash flows as cash and cash equivalents.

101.2 - Statewide Accounting Policy - Inventories

These inventories consist of general supplies and materials. Where inventories are distributed among several locations, the cumulative total value should be considered in determining materiality. The exception to the foregoing is postage. Because of its liquidity, postage must be recorded when it exceeds $100.00 in value.

102.2 - Statewide Accounting Policy - Additions/Renovations/Improvements

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Section 1400 and 2300
Effective Date: 7/1/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.8 - Statewide Accounting Policy - Buildings

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Section 1400
Effective Date: July 1, 1995
Last Revision Date: July 31, 2019
Policy Owner/Division: Statewide Accounting

102.11 - Statewide Accounting Policy - Collections

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Sections 1400 and 2300
Effective Date: 7/1/2001
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.12 - Statewide Accounting Policy - Transfers of Capital Assets

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification S20.112
Effective Date: 7/1/2007
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.13 - Statewide Accounting Policy - Impairment of Capital Assets

Policy Area: Accounting & Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Section 1400
Effective Date: 7/1/2005
Last Revision Date: 1/31/2015
Policy Owner/Division: Statewide Accounting

102.14 - Statewide Accounting Policy - Internal Policy/Procedures Manual for Capital Assets

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GS 143D-6
Effective Date: 7/1/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.15 - Statewide Accounting Policy - Tagging

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GS 143D-6
Effective Date: 7/1/1995
Last Revision Date: 1/22/2007
Policy Owner/Division: Statewide Accounting

102.17 - Statewide Accounting Policy - Missing/Stolen Assets

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GS 143B-920
Effective Date: 7/1/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.3 - Statewide Accounting Policy - Maintenance

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Section 1400
Effective Date: 7/19/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.18 - Statewide Accounting Policy - Changing Location of Assets

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GS 143D-6
Effective Date: 7/1/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.19 - Statewide Accounting Policy - Separation of Duties

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GS 143D-6
Effective Date: 7/1/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.4 - Statewide Accounting Policy - Libraries

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Section 1400
Effective Date: 7/1/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

105.1 - Statewide Accounting Policy - Accounting Cycle

Policy Area: Accounting and Financial Reporting
Policy Sub Area: State Financial Reporting
Authority: General Statute 143B-426.39 and 143B-426.40H
Effective Date: 7/1/2006
Last Revision Date: 4/30/2017
Policy Owner/Division: Statewide Accounting

102.5 - Statewide Accounting Policy - Depreciation

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Section 1400
Effective Date: 7/1/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.6 - Statewide Accounting Policy - Fixed Asset Grants

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Section 1400.727-1; Title 2 US Code of Federal Regulations (CFR) Part 200:311 - 200:313
Effective Date: 7/1/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.7 - Statewide Accounting Policy - Land

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Section 1400
Effective Date: 7/1/1995
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

102.9 - Statewide Accounting Policy - Infrastructure

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Capital Assets
Authority: GASB Codification Section 1400
Effective Date: 7/1/2001
Last Revision Date: 6/30/2017
Policy Owner/Division: Statewide Accounting

103.1 - Statewide Account Policy - Compensated Absences

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Long-term Liabilities
Authority: GASB Codification Section C60; State of North Carolina Human Resources Manual
Effective Date: 7/1/1995
Last Revision Date: 7/12/2019
Policy Owner/Division: Statewide Accounting

103.2 - Statewide Accounting Policy - Pollution Remediation Obligations

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Long Term Liabilities
Authority: Codfication Section P40
Effective Date: 7/1/2008
Last Revision Date: N/A
Policy Owner/Division: Statewide Accounting

105.2 - Statewide Accounting Policy - Separately Issued Fund Financial Statements

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Statewide Financial Reporting
Authority: GS 143B-426.39
Effective Date: 7/1/2006
Last Revision Date: 4/30/2017
Policy Owner/Division: Statewide Accounting

105.3 - Statewide Accounting Policy - Licensing Boards

Policy Area: Accounting and Financial Reporting
Policy Sub Area: State Financial Reporting
Authority: GASB Codification Section 1300; AICPA Audit and Accounting Guide: State and Local Governments (Chapter 15)
Effective Date: 7/1/2006
Last Revision Date: 4/30/2017
Policy Owner/Division: Statewide Accounting

105.4 - Statewide Accounting Policy - Submission of Audit Reports

Policy Area: Accounting and Financial Reporting
Policy Sub Area: Statewide Financial Reporting
Authority: GS 143B-426.40H
Effective Date: 7/1/2014
Last Revision Date: 2/16/2018
Policy Owner/Division: Statewide Accounting

105.6 - Statewide Accounting Policy - Foundations

Policy Area: Accounting & Financial Reporting
Policy Sub Area: Statewide Financial Reporting
Authority: GASB Codification Section 2100
Effective Date: 7/1/2006
Last Revision Date: 4/30/2017
Policy Owner/Division: Statewide Accounting