Transparency in Action: NCDOT’s Weekly Cash Watch Reports
RALEIGH – As part of its commitment to transparency and compliance with Session Law 2019-251, the North Carolina Department of Transportation (NCDOT) provides weekly updates on its financial activities. Every Friday, NCDOT releases the “NCDOT Cash Watch Numbers” report, which offers a glimpse into the department’s expenditures.
When holidays result in office closures, these reports and releases are conveniently published on the nearest business day.
For those interested in tracking the latest financial figures, both the current and past reports are accessible on this NCDOT webpage.
Each report begins with the combined cash balance from the previous report. It details receipts, categorizes disbursements, and concludes with the ending combined cash balance. Additionally, the report provides insights into “reserved cash” balances. These funds, allocated to specific projects, reside in a “Trustee Account” until they are used to cover completed work on projects supported by Build NC bonds, GARVEE bonds, or Energy Savings-Roadway lighting funds.
It’s important to note that the cash balance changes daily due to incoming revenue and outgoing disbursements. The official monthly cash balance is finalized at the end of each month after reconciling line items. As such, weekly balances do not necessarily reflect the final monthly figures.
Read More Here
Be First to Comment