700.5 - HR-Payroll Policy - Agency Payroll Funds Transfers to the Office of the State Controller

Policy Area:  HR-Payroll
Policy Sub Area:  Payroll
Authority:  G.S. 143B-426.39 Powers and Duties of the State Controller
Effective Date:  7/1/2007
Last Revision Date:  N/A
Policy Owner/Division:  HR-Payroll

Policy

All State entities whose payroll expense requirements are provided by a payroll system administered by the Office of the State Controller (OSC), shall ensure that sufficient funds are available and remitted to the OSC payroll disbursing account; prior to the date payments are scheduled to be made to employees and vendors receiving withholdings.  

General Statute 143B-426.39 Powers and Duties of the State Controller
http://www.ncleg.net/EnactedLegislation/Statutes/HTML/BySection/Chapter_143B/GS_143B-426.39.html

OSC’s Cash Management Control System (CMCS) processes the transfer of funds to satisfy agency payroll expenses.  The CMCS process overview is explained in the link:   state-agency-resources/statewide-cash-management

OSC will charge back any bank fees incurred if an agency does not fund the payroll disbursing account in a timely manner.  

Procedures

N/A

Accounting Guidance

N/A

Related Documents (Memos/Forms)

G.S. 143B-426.39 Powers and Duties of the State Controller
http://www.ncleg.net/EnactedLegislation/Statutes/HTML/BySection/Chapter_143B/GS_143B-426.39.html

Cash Management Control System Overview
state-agency-resources/statewide-cash-management

Revision History

  • None to date
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