2025 Annual Comprehensive Financial Report Released
Summary
The NC Office of the State Controller has released the 2025 Annual Comprehensive Financial Report (ACFR), the 2025 Popular Report, the Budgetary Comparison Report, and the Letter of Transmittal. North Carolina received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for the 31st consecutive year for its 2024 ACFR. The 2025 ACFR has been submitted to the GFOA to determine eligibility for another certificate.
“For the 31st consecutive year, North Carolina received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for the 2024 Annual Comprehensive Financial Report (ACFR).”
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GovPing monitors NC Office of the State Controller for new government & legislation regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 3 changes logged to date.
What changed
The NC Office of the State Controller has published the 2025 Annual Comprehensive Financial Report covering the state's financial position, revenues, and expenditures. The report consists of three sections: Introductory, Financial, and Statistical. The 2025 ACFR has been submitted to the Government Finance Officers Association for evaluation.
This report is informational in nature and does not create new compliance obligations for external parties. It serves as an accountability document for state government financial management and is of interest to auditors, financial analysts, and government oversight bodies rather than regulated private-sector entities.
Archived snapshot
Apr 23, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
2025 Annual Comprehensive Financial Report
We are proud to present the 2025 Annual Comprehensive Financial Report (ACFR) and the 2025 Financial Highlights or the "Popular Report." The Popular Report provides state government's financial highlights, including information on the sources of state revenues and how those revenues are spent, in a condensed and simplified format.
The Annual Report is divided into three parts:
- The Introductory Section
- The Financial Section
- The Statistical Section For the 31st consecutive year, North Carolina received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for the 2024 Annual Comprehensive Financial Report (ACFR). The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting.
The 2025 ACFR has been submitted to the GFOA to determine its eligibility for another certificate. This ACFR was produced as a record in December 2025 and is considered an archive.
Read more about the 2025 ACFR cover.
For previous years, please visit our Report Archives section.
2025 Annual Comprehensive Financial Report Complete Comprehensive Financial Report 2025 Popular Report Budgetary Comparison Report Letter of Transmittal Certificate of Achievement Organization of State Government Including Principal State Officials
Financial Section
Auditor's Report and MDA Government-wide Financial Statements Fund Financial Statements Notes to The Financial Statements Required Supplementary Information Other than MDA Combining Fund Statements and Schedules
Statistical Section
Statistical Index Financial Trends Revenue Capacity Debt Capacity Demographic and Economic Information Operating Information
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