Statewide Policies Alphabetical Listing

Infrastructure assets are long-lived capital assets that normally are stationary in nature and normally can be preserved for a significantly greater number of years than most capital assets...

Intangible assets of State agencies and component units should be capitalized according to the following thresholds:

  • $1,000,000 – Internally generated computer software (application development costs only)
  • $100,000 – All other intangible assets (including purchased or licensed computer software)...

State agencies will develop and implement internal policies and procedures to charge, as directed and in the manner prescribed by State Statute, interest and a late penalty fee on past-due accounts receivable...

North Carolina General Statute §143D-8 provides that “Each State agency shall maintain documentation, as prescribed by the State Controller, of the system of internal control within that agency...

North Carolina General Statute §143D-7 provides that “The State Controller shall develop policies and procedures to direct agencies in their evaluation” of whether “the agency has in place a proper system of internal control...

North Carolina General Statute §143D-6 provides that “The State Controller, in consultation with the State Auditor, shall establish comprehensive standards, policies, and procedures to ensure a strong and effective system of internal control within State government...

Each agency is required to have an Internal Policy/Procedure Manual to detail the agency's capital asset requirements...

These inventories consist of general supplies and materials...

Land is the real estate property held by the State. It can be purchased or donated. Since land is considered not to have a limited useful life and its salvage value is unlikely to be less than its acquisition cost, land is not depreciated...

A library is a repository for literary and artistic materials such as books, e-books, periodicals, newspapers, pamphlets, videos, etc. kept for reading or reference...

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