The North Carolina Department of Transportation (NCDOT) holds steadfast to its commitment for transparency, adhering to the established Session Law 2019-251 of the N.C. General Assembly, faithfully issuing its weekly "NCDOT Cash Watch Numbers" report every Friday—except when holidays push the release to the nearest working day, according to an announcement from NCDOT.
The accounting sheet, which is publicly accessible on the NCDOT webpage, offers insight into the financial goings-on of the department starting with the previous report's combined cash balance and it traverses through the intricacies of receipts, and broad categories of disbursements, detailing the resulting cash balance at the week's end, while also shedding light on the "reserved cash" balances that are sequestered for specific projects in what's dubbed a "Trustee Account", this account is unique as it's the cache from which funds are drawn to settle accounts for work on projects underwritten by Build NC bonds, GARVEE bonds, and Energy Savings-Roadway lighting funds.
That this weekly snapshot isn't cast in stone is critical to note—with cash balances in flux as revenues and disbursements ebb and flow daily, the report is but a moment's glance rather than an immutable ledger, the NCDOT clarifies that the official monthly cash balance is only stamped and sealed at month's end following stringent item reconciliation.
