Condition of the Fund
This reserve receives settlement funds from various companies such as Walmart, CVS, McKinsey, Purdue.
Opioid Abatement Reserve
How do reserves show up in the Gov Budget or NCGA committee report?
As a receipt! Think of the general fund as your checking account, and reserves as your savings account.
The Condition of the Fund can be found on this website
The OSBM Website!
When KWAG tells you that something should be funded by a reserve, what are the two trackers it should be recorded in?
- Reserve Tracker
-Individual Subcommittee Tracker
There are two different "types" of values making up the columns on the Condition of the Fund. What are those?
Actual, Budgeted
This reserve was most recently used to offset nonrecurring General Fund Appropriations
Stabilization and Inflation Reserve
The Most Recent Daily Cash Report can be found on this website
The OSC Website!
How often do we do a new condition of the fund?
Whenever there is a bill that is impacting appropriations!
True or False: You can find statewide reserve balances in IBIS.
False! Statewide Reserves are unbudgeted
Where do you go if you need to find the UNAPPROPRIATED balance of a reserve?
Jackie- she keeps a spreadsheet that tracks this
Which report in NCFS will give you the current total reserve balance as well as changes by fiscal year?
NC Reserve Account Balances Report in NCFS (RPTCM030)