Enacted in 1931, the Davis-Bacon Act applies when the federal government or the District of Columbia is a party to construction or repair contracts in excess of $2,000. 40 U.S.C. […]

Enacted in 1931, the Davis-Bacon Act applies when the federal government or the District of Columbia is a party to construction or repair contracts in excess of $2,000. 40 U.S.C. 3141 et seq. Under the Act, prime contractors and any lower-tier … Read more

The postmark rule isn’t changing, but the postmark process might be. The Postmark Rule For decades, North Carolina property taxpayers have benefitted from the “postmark rule” currently codified in GS […]

The postmark rule isn’t changing, but the postmark process might be. The Postmark Rule For decades, North Carolina property taxpayers have benefitted from the “postmark rule” currently codified in GS 105-360(d): “For the purposes of computing discounts and interest, tax … Read more

Internal audit is a periodic review of whether a local government’s financial policies and internal controls are being followed in day-to-day operations. It generally involves looking at a sample of […]

Internal audit is a periodic review of whether a local government’s financial policies and internal controls are being followed in day-to-day operations. It generally involves looking at a sample of transactions, observing how key financial processes work, documenting compliance with … Read more