The Town is required to maintain the accounting system in accordance with generally accepted accounting principles (GAAP). The town also follows the standards of the Government Accounting Standards Board (GASB) principles. In addition, the town complies with the rules and regulations of the North Carolina Local Government Commission (LGC).
The Town's Monthly Financial Reports are included in the Agenda Packet for each month's regular Town Council meeting. You can view previous and upcoming Town Council meetings, with links to the Agenda Packet, on the Meeting Agendas, Minutes, & Video page.
The Town has an annual audit of accounts which is conducted and presented by an independent auditing firm certified by the LGC. Upon completion, the audit is presented and accepted by the Town Council in a regularly scheduled meeting.
Click the links below to view the current and previous years Audit Reports.