Accounting Procedures Manual updated
MEMORANDUM
February 17, 2021
TO: CC Business Officers and Chief Business Officers CC Controllers-Bookkeepers
CC Basic Skills Directors
FROM: Judy C. King, Director, Systems Accounting and Special Projects
RE: Accounting Procedures Manual updated
As outlined in the “What’s New” heading at the beginning of Section 1 of the Accounting Procedures Manual (APM), we have made several updates to this section of the APM. First, the section referencing travel reimbursement rates has been updated to reflect the IRS change in standard business mileage rates which decreased from 57.5¢ per mile to 56¢, which is 1.5¢ less than 2020. In addition, the 2021 IRS depreciation milage rate has been updated to reflect a decrease from 27¢ to 26¢ per mile, which is 1¢ less than 2020.
Secondly, we have updated the document to reflect the change in G.S. 25-3-506 which increases the processing fee for returned checks from $25 to $35. Other changes reflected in this document is information regarding the limitation of deferred pay for instructional personnel to $19,500 and updates to current processes and forms on how to securely submit foreign national data to the System Office via secure file transfer.
Finally, changes have been made in this document to update various website links to the System Office and other State of North Carolina agencies to provide quicker access for the user.
The revised APM is attached and is also available from the College Budget & Accounting section of our website at https://www.nccommunitycolleges.edu/finance- operations/budget-accounting. Please ensure that this information is shared with those on your campus who also need this information.