North Carolina General Statutes
Article 3 - The Local Government Budget and Fiscal Control Act.
§ 159-32 - Daily deposits.

159-32. Daily deposits.
(a) Except as otherwise provided by law, all taxes and other moneys collected or received by an officer or employee of a local government or public authority shall be deposited in accordance with this section. Each officer and employee of a local government or public authority whose duty it is to collect or receive any taxes or other moneys shall, on a daily basis, deposit or submit to a properly licensed and recognized cash collection service all collections and receipts. However, if the governing board gives its approval, deposits or submissions to a properly licensed and recognized cash collection service shall be required only when the moneys on hand amount to five hundred dollars ($500.00) or greater. Until deposited or officially submitted to a properly licensed and recognized cash collection service, all moneys must be maintained in a secure location. All deposits shall be made with the finance officer or in an official depository. Deposits in an official depository shall be immediately reported to the finance officer by means of a duplicate deposit ticket. The finance officer may at any time audit the accounts of any officer or employee collecting or receiving taxes or other moneys, and may prescribe the form and detail of these accounts. The accounts of such an officer or employee shall be audited at least annually.
(b) The Secretary may, during an emergency declaration issued under G.S. 166A-19.20, set the amount of moneys on hand requiring daily deposits and may require deposits on less than a daily basis, provided the moneys are maintained in a secure location and deposited at least weekly. (1927, c. 146, s. 19; 1929, c. 37; 1939, c. 134; 1955, cc. 698, 724; 1971, c. 780, s. 1; 1973, c. 474, s. 27; 2017-204, s. 6.1(a); 2020-3, s. 4.28(a).)

Structure North Carolina General Statutes

North Carolina General Statutes

Chapter 159 - Local Government Finance

Article 3 - The Local Government Budget and Fiscal Control Act.

§ 159-7 - Short title; definitions; local acts superseded.

§ 159-8 - Annual balanced budget ordinance.

§ 159-9 - Budget officer.

§ 159-10 - Budget requests.

§ 159-11 - Preparation and submission of budget and budget message.

§ 159-12 - Filing and publication of the budget; budget hearings.

§ 159-13 - The budget ordinance; form, adoption, limitations, tax levy, filing.

§ 159-13.1 - Financial plan for intragovernmental service funds.

§ 159-13.2 - Project ordinances.

§ 159-14 - Trust and custodial funds; budgets of special districts.

§ 159-15 - Amendments to the budget ordinance.

§ 159-16 - Interim budget.

§ 159-17 - Ordinance procedures not applicable to budget or project ordinance adoption.

§ 159-17.1 - Vending facilities.

§ 159-18 - Capital reserve funds.

§ 159-19 - Amendments.

§ 159-20 - Funding capital reserve funds.

§ 159-21 - Investment.

§ 159-22 - Withdrawals.

§ 159-24 - Finance officer.

§ 159-25 - Duties of finance officer; dual signatures on checks; internal control procedures subject to Commission regulation.

§ 159-26 - Accounting system.

§ 159-27 - Distribution of tax collections among funds according to levy.

§ 159-27.1 - Use of revenue bond project reimbursements; restrictions.

§ 159-28 - Budgetary accounting for appropriations.

§ 159-28.1 - Facsimile signatures.

§ 159-29 - Fidelity bonds.

§ 159-30 - Investment of idle funds.

§ 159-30.1 - Trust for other post-employment benefits.

§ 159-30.2 - Trust for law enforcement special separation allowance benefits.

§ 159-31 - Selection of depository; deposits to be secured.

§ 159-32 - Daily deposits.

§ 159-32.1 - Electronic payment.

§ 159-33 - Semiannual reports on status of deposits and investments.

§ 159-33.1 - Semiannual reports of financial information.

§ 159-33.2 - Interim event reporting.

§ 159-34 - Annual independent audit; rules and regulations.

§ 159-35 - Secretary of Local Government Commission to notify units of debt service obligations.

§ 159-36 - Failure of local government to levy debt service taxes or provide for payment of debt.

§ 159-37 - Reports on status of sinking funds.

§ 159-38 - Local units authorized to accept their bonds in payment of certain claims and judgments.

§ 159-39 - Special regulations pertaining to public hospitals.

§ 159-40 - Special regulations pertaining to nonprofit corporations receiving public funds.

§ 159-41 - Special regulations pertaining to joint municipal power agencies.

§ 159-42 - Special regulations pertaining to public housing authorities.

§ 159-42.1 - Establishment of nonprofit corporation by public authority authorized.