General Counsel at North Carolina Office of State Budget and Management
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Team
Decision makers at North Carolina Office of State Budget and Management
Applications Systems Specialist
Application Systems Analyst
Assistant State Budget Officer, Budget Development (manages procurement of and contract for multi-year consultant teams)
Business Systems Analyst II
Chief Financial Officer
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The committee meeting focused on two primary agenda items: the selection of a Technical Advisor and Actuary for the 2026 reporting period and the establishment of a project timeline for the finalization of the GASB 74 and 75 reports. The committee approved the selection of The Segal Company to perform the OPEB valuation process and adopted the proposed 2026/27 process and high-level timeline.
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This certified budget document outlines the current operations appropriation for the State of North Carolina for the fiscal biennium 2025-2027. It details financial allocations for general fund reserves and projects estimated receipts from a wide array of general fund tax and non-tax revenue sources.
This document outlines the requirements for North Carolina's Comprehensive Strategic Economic Development Plan, mandating the Secretary of Commerce to apply strategic planning principles to economic development efforts. The plan aims to establish priority development objectives, optimize resource utilization, and ensure commitment to achieving goals. Key components include comprehensive public and private input, an environmental scan of economic data and assets, and the formulation of vision statements, mission statements, and quantifiable, time-specific goals and objectives. The strategic framework integrates workforce preparedness and seeks to balance development opportunities across rural and urban regions, ensuring equity for all populations. The plan requires annual updates and evaluations of the State's economic performance against its stated objectives.
The meeting covered several critical updates regarding the State and Local Fiscal Recovery Fund (SFRF). Key discussions focused on Session Law 2025-97, which provides increased flexibility for SFRF projects, specifically for revenue replacement projects, concerning the movement of funds. The session detailed the mechanics of a potential general fund swap out, allowing unspent SFRF dollars to be replaced dollar-for-dollar with general fund revenues to complete existing projects, with a required project completion date of June 30, 2027. Furthermore, the meeting outlined expenditure deadlines, confirming that program costs must be liquidated by December 31, 2026, with allowable administrative closeout costs permitted until April 30, 2027. The process for reporting unexpended balances by April 15th to facilitate these reclassifications was also detailed.
Extracted from official board minutes, strategic plans, and video transcripts.
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