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Local Government
Fitch Rates Raleigh-Durham International Revenue Bonds as "AA-" PDF Print E-mail
Local Government
By Administrator   
Monday, 06 October 2014 05:25

RALEIGH, (SGRToday.com) - Fitch Ratings has given Raleigh-Durham International Airport a thumbs-up on its $669 million in revenue bonds, according to the Triangle Business Journal.

 
The newspaper reports the airport's bonds were given an “AA-“ rating for the fourth time in four years.
 
Fitch pointed to “historical traffic levels supported by a healthy and growing local economy."
 
The airport has nearly three years worth of cash on hand.
 
To read the entire story, visit www.bizjournals.com.
Last Updated on Monday, 06 October 2014 05:25
 
DENR Program Provides Grants For 10 Water Resources Projects PDF Print E-mail
Local Government
By Administrator   
Friday, 03 October 2014 09:31

RALEIGH, (SGRToday.com) - Ten North Carolina local governments are getting financial help from the state to restore streams, reduce erosion, and study future water supplies.

 
The N.C. Division of Water Resources awarded $966,177 for the Water Resources Development Project Grant Program. Money for the grants was generated by appropriations from the General Assembly.
 
The division awarded:
 
-- Haywood County Soil and Water Conservation District a $33,577 grant to stabilize 2,300 feet of eroding streambank along Ratcliff Cove Branch. 
 
-- Haywood County Soil and Water Conservation District a $30,600 grant to stabilize 1,600 feet of eroding streambank along Rogers Cove Creek. 
 
--Lansing a $120,000 grant to construct a 3,000-foot greenway along Big Horse Creek. 
 
-- North Wilkesboro a $96,000 grant to construct a stormwater wetland to treat stormwater before it flows into the Yadkin River.
 
-- Surry County Soil and Water Conservation District a $121,000 grant for a restoration project along the Ararat River in Mount Airy. 
 
-- The N.C. Forest Service a $45,000 grant to improve the water quality in the Little River in Transylvania County. 
 
-- Wallace a $25,000 grant for a stormwater system upgrade along North Duplin Street. 
 
-- Wilmington a $45,000 grant to study shoreline improvements along two miles of downtown river front. 
 
-- Yancey County Soil and Water Conservation District a $200,000 grant to remove the Cane River Dam and stabilize 2,500 feet of eroding streambank. 
 
 
The state also awarded $250,000 to the N.C. Division of Soil and Water Conservation to be distributed to multiple eastern North Carolina counties for the removal of storm debris from streams. 
 
The counties include Beaufort, Bertie, Camden, Chowan, Currituck, Dare, Duplin, Edgecombe, Hertford, Hyde, Jones, Martin, Pamlico, Pasquotank, Perquimans, Pitt, Tyrrell and Washington.
 
Last Updated on Friday, 03 October 2014 09:32
 
Results Of Forsyth County Clerk of Superior Court - Financial Related Audit PDF Print E-mail
Local Government
By Administrator   
Tuesday, 30 September 2014 14:11

RALEIGH, (SGRToday.com) - State Auditor Beth Wood's office has released the findings of its financial related audit of the Forsyth County Clerk of Superior Court. 

 
Report summary:
 
"The results of our audit disclosed a deficiency in internal control that is considered reportable under Government Auditing Standards. 
 
The Clerk’s Office has given staff information systems access rights that are inconsistent with proper segregation of duties, resulting in an increased risk of errors or fraud occurring without detection. 
 
Details about this item are provided in the Audit Findings, Recommendations, and Responses section of the report."
 
The full audit can be found at http://www.ncauditor.net/EpsWeb/Reports/FiscalControl/FCA-2014-2133.pdf
Last Updated on Tuesday, 30 September 2014 14:11
 
Findings For Warren and New Hanover County Clerk of Superior Court Financial Related Audits PDF Print E-mail
Local Government
By Administrator   
Monday, 29 September 2014 10:05

RALEIGH, (SGRToday.com) - State Auditor Beth Wood's office has released the findings for two counties' Clerk of Superior Court offices. The results of audits of Warren and New Hanover Counties can be found at http://www.ncauditor.net/pub42/

 
There are one or more findings in both reports, which revealed the same summaries:
 
The results of our audit disclosed an instance of noncompliance and a deficiency in internal control that is considered reportable under Government Auditing Standards. The Clerk’s Office failed to compel the filing of inventories for estates in accordance with state law, resulting in a loss or delay in the collection of court costs and fees. Details about this issue are provided in the Audit Findings, Recommendations, and Responses section of the report.
Last Updated on Monday, 29 September 2014 10:06
 
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