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Author: School of Government ITD Applications Team

Under state law, all monies collected or received by employees or officials of a local government or public authority (collectively, local unit) must be deposited daily into an official depository or with a properly licensed and recognized cash collection service. G.S. 159-32. A local unit’s governing board may waive the daily deposit requirement until the amount on hand totals at least $500.

Under state law, all monies collected or received by employees or officials of a local government or public authority (collectively, local unit) must be deposited daily into an official depository or with a properly licensed and recognized cash collection service. G.S. 159-32. A local unit’s governing board may waive the daily deposit requirement until the amount on hand totals at least $500.