Statewide Policy Directory

Displaying 1 - 25 of 104North 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: March 1, 2023 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: 3/1/2023 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: 4/19/2023 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: 4/19/2023 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