The North Carolina Department of Transportation (NCDOT) is upholding its commitment to transparency by issuing a weekly publication of the "NCDOT Cash Watch Numbers" report. This initiative, mandated by Session Law 2019-251 of the N.C. General Assembly, is designed to provide the public with a glimpse into the department's financial status, according to a recent news release.
The release, typically scheduled for Fridays, was pushed to the nearest business day due to a holiday closure, offering a snapshot that includes the starting and ending cash balances, receipts, and broad categories of disbursements. Notably, this weekly report is not a definitive reflection of NCDOT's financial health but an interim record, subject to change as the month closes and, line items are reconciled.
Further insight into NCDOT's fiscal responsibilities can be garnered from a segment in the report detailing "reserved cash" balances. These funds, integral to specific ongoing infrastructure projects, are held in a Trustee Account. They're earmarked to cover costs associated with projects financed through Build NC bonds, GARVEE bonds, or Energy Savings-Roadway lighting funds, the NCDOT release explained.
The report reflects the ongoing changes in the department's financial operations, with cash balances shifting due to incoming revenue and outgoing disbursements. Weekly figures serve as reference points within a broader fiscal timeline rather than representing final outcomes.
