Treasurer Folwell Announces $2 Billion Received as Part of CARES Act

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-Press Release, NC Department of State Treasurer

State Treasurer Dale R. Folwell, CPA, and the Financial Operations Division (FOD) of the Department of State Treasurer (DST) announced on Thursday that North Carolina has received more than $2 billion from the federal government as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The CARES Act, as passed by Congress and signed by the President, will provide $150 billion for the Coronavirus Relief Fund including direct payments to states, the District of Columbia, U.S. Territories, and eligible units of local government based on population as provided in the CARES Act.

Office of State Budget and Management (OSBM) along with the Office of the State Controller and staff at DST completed the application on April 14 and the funds were received by the State Bank (DST/FOD) the next day. The money is the first disbursement from the federal government of more than $4 billion slated for North Carolina.

“As keepers of the public purse, we’re responsible for receiving money and putting it in interest-bearing accounts,” said Treasurer Folwell. “We’ll process the withdrawal when directed by the legislative and executive branches.”

The North Carolina General Assembly (NCGA) will decide how the state’s money will be spent as part of legislation expected near the end of the month. Once an agreement has been reached, OSBM will distribute the funds. In the interim, the Investment Management Division at DST will invest the money in a short-term investment fund (STIF) that is high quality, low risk and interest-bearing. The money will be held until the NCGA and/or OSBM directs where it will be spent.

DST serves the people of North Carolina through a variety of functions related to the financial health of the state and its citizens. Folwell serves as the state’s banker and chief investment officer and is responsible for approximately $200 billion in assets.

The department administers the employee retirement systems for more than 900,000 public workers, along with their 401(k), 457 and 403(b) plans. DST also oversees the State Health Plan, which provides health care coverage to more than 727,000 teachers, state employees, retirees, current and former lawmakers, state university and community college personnel, and their dependents.

Fiscal assistance and expertise are provided by the department to local governmental units by aiding them in the sale of local government debt obligations and in maintaining sound budgeting, accounting, and reporting procedures. The department also administers the NC Cash unclaimed property database.

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Governor Roy Cooper Shares Path Forward for North Carolina

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-Press Release, Office of Governor Roy Cooper

Governor Roy Cooper today charted a path forward for eventually easing certain COVID-19 restrictions while still protecting North Carolinians from a dangerous second wave of the virus.

“This virus is going to be with us until there is a vaccine, which may be a year or more away,” said Governor Cooper. “That means that as we ease restrictions, we are going to enter a new normal. We want to get back to work while at the same time preventing a spike that will overwhelm our hospitals with COVID-19 cases.”

Expert modeling has shown it would be dangerous to lift the restrictions all at once because it would increase the chances that hospitals become overwhelmed and unable to care for severely ill patients. Cooper emphasized that changes in restrictions must protect public health, especially those who are most vulnerable to severe illness, including people over age 65, those with underlying health conditions and people living in congregate settings.

“Experts tell us it would be dangerous to lift our restrictions all at once. Rather than an on/off light switch, we are viewing this as a dimmer switch that can be adjusted incrementally,” said Governor Cooper.

In order to ease restrictions, the state needs to make more progress in three areas: testing, tracing and trends.

TESTING

State planning relies on an increase in testing capabilities to identify, isolate and track new cases of COVID-19. This means having the supplies and lab capacity to do more testing across the state. Dr. Mandy Cohen, Secretary of the Department of Health and Human Services, has brought together laboratory partners from the public and private sector to coordinate efforts to ensure testing – diagnostic and antibody – is widely available across the state while also conserving protective equipment.

TRACING

Tracing requires the state to boost the public health workforce and the ability to trace contacts of new cases of COVID-19. Contact tracing can be effective at containing new outbreaks, but it requires more personnel. When a person tests positive, the tracing efforts will help identify who that individual may have been in contact with so those people can get tested and take the right precautions. NC DHHS is working with its partners to increase this critical piece of our public health workforce. New digital tools can also help scale this effort.

TRENDS

In order to ease restrictions, the state needs to understand how COVID-19 is impacting the state and impacting specific populations and regions of the state to determine when to strengthen or ease social distancing policies. Trends that will influence policy decisions will be based on data like the new positive cases, hospitalizations, deaths, as well as the available supply of personal protective equipment, hospital capacity.

“Because we acted early and because we acted together, we have averted the devastating scenarios we have seen playing out in other parts of our country and across the globe. We now need to look ahead at how we stay ahead of the curve. Widespread testing, aggressive contact tracing, and data-informed policy decisions are our best tools to keep our communities safe and protect our frontline workers,” said NC Department of Health and Human Services Secretary Mandy Cohen, MD.

Dale Folwell

Town Talk 04/15/20: Treasurer Folwell Discusses State Pension Plan, COVID-19 Recovery

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THIS STORY IS PRESENTED IN PART BY DRAKE DENTISTRY

North Carolina State Treasurer Dale R. Folwell, CPA, appeared on WIZS Town Talk Wednesday at 11 a.m.

Folwell, who has served as NC State Treasurer since 2017, is recovering after being hospitalized for five days with COVID-19. “I am thankful for all the caregivers, God, my family, and the prayers and thoughts that got me through this,” Folwell said.

He also expressed appreciation for the healthcare workers who encouraged him through the recovery process. Folwell said doctors and nurses offered emotional support while he was separated from his family due to the strict no visitor policies currently implemented at many hospitals.

Cleared by doctors and health officials to resume his duties, Folwell reassured listeners that the state pension plan is “one of the most conservatively managed in the country, if not the world.”

“Last time we talked [WIZS Town Talk January 23, 2020], we were reassuring people that we were still in the check delivering business, and that’s still the case,” stated Folwell. “Obviously, we’ve had a lot of market volatility since then, but our state pension plan is in great shape, and we continue to be in the check delivering business.”

As of earlier this week, the state pension plan was down approximately 4.2% for the calendar year, while the S&P 500 was down by almost 14%. For the fiscal year that began June 2019, the state plan is up .6%, while the S&P is down approximately 5%. While down, Folwell said he is encouraged by the fact that the state plan is still currently outperforming the stock market.

To help offset some of the losses, Folwell said the state is “looking at some of our cash balances and taking advantage of some of the opportunities being presented to us. Those who depend on this – those that teach, those that protect and those who otherwise serve – will not have to think about this.”

Calling the current economic downturn a “combination of 9/11 and the Great Recession, all combined into one,” Folwell admitted, “Revenues are down, expenses are up, collections are down, and it’s just not a good circumstance for any business.”

Following today’s interview with WIZS, Folwell addressed the current state of the pension plan, among other treasury-related topics, in a monthly “Ask Me Anything” session open to media representatives.

The monthly calls are an opportunity for reporters to ask Folwell questions about N.C. Department of State Treasurer (DST) initiatives, including the Retirement Systems Division, the State Health Plan, the State and Local Government Finance Division and the Unclaimed Property Division.

Audio of the monthly “Ask Me Anything” calls is available by clicking here.

To hear the interview with Folwell in its entirety, go to WIZS.com and click on Town Talk.

Local Response Rates for US Census; Bureau Seeks Additional Days for Final Count

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-Press Release, United States Census Bureau

The 2020 Census is underway and more households across America are responding every day. Over 70 million households have responded to date, representing over 48% of all households in America.

North Carolina’s overall self-response rate is 45.7%.

According to the US Census Bureau’s website, as of April 14, 2020, the following percentage of households in the local area had self-responded:

Franklin County – 44.4%

Granville County – 47.8%

Vance County – 41.5%

Warren County – 35.3%

The Census Bureau temporarily suspended 2020 Census field data collection activities in March. Steps are already being taken to reactivate field offices beginning June 1, 2020, in preparation for the resumption of field data collection operations as quickly as possible following June 1.

In-person activities, including all interaction with the public, enumeration, office work and processing activities, will incorporate the most current guidance to promote the health and safety of staff and the public. This will include recommended personal protective equipment (PPE) and social distancing practices.

Once 2020 Census data collection is complete, the Census Bureau begins a lengthy, thorough and scientifically rigorous process to produce the apportionment counts, redistricting information and other statistical data products that help guide hundreds of billions of dollars in public and private sector spending per year.

In order to ensure the completeness and accuracy of the 2020 Census, the Census Bureau is seeking statutory relief from Congress of 120 additional calendar days to deliver final apportionment counts.

Under this plan, the Census Bureau would extend the window for field data collection and self-response to October 31, 2020, which will allow for apportionment counts to be delivered to the President by April 30, 2021, and redistricting data to be delivered to the states no later than July 31, 2021.

State Treasurer Folwell To Address NC Pension Plan Performance

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-Press Release, NC Department of State Treasurer

The state pension plan is weathering the COVID-19-induced economic downturn better than many public pension plans while outperforming the stock market, and State Treasurer Dale R. Folwell, CPA, will explain why during his “Ask Me Anything” conference call for the media on Wednesday, April 15.

The monthly calls are an opportunity for reporters to ask the Treasurer anything about N.C. Department of State Treasurer (DST) initiatives, including the Retirement Systems Division, the State Health Plan, the State and Local Government Finance Division and the Unclaimed Property Division.

As of Monday, the state pension plan was down about 4.2% for the calendar year, while the S&P 500 had tumbled about 14%. For the fiscal year, the plan is actually up .6% while the S&P is down almost 5%.

A stress test conducted by The Pew Charitable Trusts last year determined North Carolina’s pension plan is better positioned to remain solvent in tough economic times than most public pension plans. Research by Moody’s Investor Services determined, based on unfunded liabilities, that North Carolina’s pension plan was the best-funded among the 50 states, meaning it placed the lowest burden on taxpayers and members who pay into the system.

Meanwhile, emergency powers and other changes to the State Health Plan were implemented to help members respond to the coronavirus pandemic. The State and Local Government Commission is monitoring developments to determine whether cities and counties with bond debt and utility infrastructure needs might require assistance in dealing with declining taxes and fee revenue due to mandated business shutdowns.

Treasurer Folwell, who was hospitalized for five days due to complications from COVID-19, continued to engage in daily operations and decisions with DST staff throughout his illness. He has received the necessary medical clearances from his personal doctor and the Forsyth County Department of Health to return to work.

Among COVID-19 actions taken by DST were State Health Plan waivers for the costs of testing and treatment. Click here and here for more details of those steps.

Audio of previous “Ask Me Anything” calls is available here.

Warren Co. Schools Postpones Pre-K, Kindergarten Registration

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-Information courtesy Warren County Schools

Governor Roy Cooper has closed all NC public schools until May 15, 2020, due to the COVID-19 pandemic. To prevent the spread of COVID-19, all Pre-K and Kindergarten registration events for Warren County Schools are postponed until further notice.

Updates and rescheduled dates will be posted on the WCS website after the reopening of school.

Pre-K teachers and staff will be available to assist with the application process at that time. Pre-K applications and required documents can be accessed on the WCS website under “Documents.”

Pandemic Prompts Dept. of Public Safety to Transition Some Offenders to Supervision in the Community

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— Press Release

RALEIGH – In response to the unprecedented crisis caused by the COVID-19 pandemic, the North Carolina Department of Public Safety today announced it is taking an extraordinary measure to help reduce the spread of the virus in prison facilities. The Division of Adult Correction and Juvenile Justice last week transitioned the first individuals who will continue to serve their sentence in the community.

“The department has been reviewing all options to protect public safety as well as our employees and those in the state’s custody,” Public Safety Secretary Erik Hooks said. “Many of those options were implemented quickly, providing immediate impact, while others have required more preparation.”

In an effort to keep staff and those in our custody safe, DPS has taken numerous steps over the last several weeks to help reduce the spread of the virus into facilities. Some of the actions include:

  • Suspending visitation, volunteers, work release, and other programs to limit the exposure to the public and avoiding mass gathering situations;
  • Providing extra soap and disinfecting supplies and requiring additional cleaning regimens;
  • Pre-entrance medical screenings for staff;
  • Pre-intake medical screenings for new offenders and a 14-day quarantine period;
  • Suspending acceptance of transfers of offenders from county jails for 14 days; and
  • Dramatically reducing the movement of offenders within the prison system.

Despite these efforts, more than 35 offenders among six separate facilities have tested positive for COVID-19 so far, necessitating use of stronger measures. Twenty staff at 10 facilities have also self-reported positive test results for COVID-19.

By law, the Public Safety secretary has the authority to allow certain individuals to serve their sentence outside of a DPS prison facility, but under the supervision of community corrections officers and/or special operations officers.

Adult Correction is reviewing additional offenders for possible transition to the community to complete their sentence under supervision. All offenders under consideration must meet strict criteria and all legal requirements, such as victim notification in certain cases, before a transfer to the community is approved. The approximately 500 offenders being considered cannot have been convicted of a violent crime against a person and must fall within one of the following categories:

  • Pregnant offenders
  • Offenders age 65 and older with underlying health conditions
  • Female offenders age 50 and older with health conditions and a release date in 2020
  • Offenders age 65 and older with a release date in 2020
  • Offenders already on home leave with a release date in 2020
  • Offenders on work release with a release date in 2020

On Thursday, April 9, six offenders were transferred into the community. All of those six are females and are either pregnant or are 65 or older, and thus in a high-risk category as defined by the Centers for Disease Control and Prevention (CDC).

In a separate effort to reduce the number of incarcerated persons in its facilities, the department has been awarding time credits, where appropriate and in accordance with its statutory authority. This allows some offenders to reduce their maximum sentence and be released to community upon completion of the minimum sentence. In March alone, more than 300 offenders originally scheduled for release in April, May or June, were transitioned to post-release supervision by completing their minimum sentence. Through this process, many individuals who were scheduled for release this spring or early summer have already been discharged or are on an expedited schedule for transition in the next few weeks.

A total of 2,200 offenders were released in March. In fact, since January of this year, over 6,900 individuals have been released from a DPS facility. This is an increase of 10% over the same period in 2019. In addition to the actions of DPS, the North Carolina Post-Release Supervision and Parole Commission, is also reviewing offenders under its authority for possible release. For example, over the past week, the commission has released more than a dozen pregnant females to community supervision.

“We do not take these new measures lightly. Our staff are working in accordance with CDC guidelines, while being mindful of adult risk management, as well as reentry best practices in order to identify and transition adult offenders into our communities in a safe and efficient manner,” said Tim Moose, Chief Deputy Secretary of Adult Correction and Juvenile Justice.

“This is an ongoing process. We will continue to work diligently to monitor best practices and offender risk, while coordinating any future releases to community supervision, as well as adjusting to this ever-evolving situation to protect our staff, the incarcerated community and the community at large,” Moose added.

For more information, see the comprehensive list of Prisons Actions.

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Governor’s Order Provides Flexibility to Expand Hospital Beds, Equipment & Personnel

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-Press Release, Governor Roy Cooper

Governor Roy Cooper took action to provide more access to health care beds and get more medical workers to respond to the rising demand due to the COVID-19 pandemic. He signed Executive Order No. 130, which expands the pool of health care workers and orders essential childcare services for workers responding to the crisis.

“In a time of emergency we need to make it easier for hospitals to free up bed space and hire more medical staff and this order does that,” Governor Cooper said.

The Order temporarily puts measures in place for licensing, Certificates of Need, and other regulations. The public health crisis needs to scale up services and staff and the Order gives the NC DHHS Secretary the authority to do that during the emergency. Once the crisis has passed, the rules will be put back into place.

“We have never faced emergency demand for health care like we do today, and we must act now,” added Governor Cooper. “If we do this work well, along with social distancing, our hospitals can handle the hardships of this pandemic.”

EXPANDING SERVICES, BEDS STATEWIDE

The Order offers flexibility using and moving resources, such as beds, dialysis stations, CT and MRI scanners. It means hospitals can more quickly increase the number of beds to take critically ill patients and allow an ambulatory surgical facility to operate as a temporary hospital.

Though the Order loosens regulations, expanding beds and services will still require the NCDHHS, Division of Health Service Regulation to approve written requests that explain how an increase in capacity, relocation or addition of resources, equipment acquisition, or change in facility operation addresses public health needs and related safety measures.

EMERGENCY CHILD CARE SERVICES

The Order allows childcare facilities to remain open or to reopen to care for children of essential business workers, children who are receiving child welfare services, or children who are homeless or living in unstable or unsafe living arrangements.

The Order requires the facilities to apply for approval and to follow the NCDHHS Emergency Facility Guidelines but also provides flexibility in activities and continuing education requirements for caregivers.

EXPANDING POOL OF HEALTH CARE WORKERS AND ACCESS TO TELEHEALTH

The Order will allow out-of-state licensed workers to practice in North Carolina during the emergency and may allow retired health care professionals, students training for health care jobs and unlicensed, skilled volunteers to provide care.

Expanded telehealth services and flexibility for in-home care are also included in the Order.

The Council of State concurred with the Order today. Read the full Order.

Read a summary of the Order. 

Town of Warrenton Follows County – Curfew Begins Thurs., April 9

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-Information courtesy the Warrenton Police Department

The Town of Warrenton has declared a curfew from 9 p.m. to 6 a.m., beginning Thursday, April 9, 2020, effective through the dates of Governor Cooper’s Stay At Home Executive Order. The Warrenton Police Department will be enforcing this curfew.

During the hours of the curfew, travel is allowed for the following reasons:

1. Medical
2. Grocery Store
3. Traveling to/from an essential job

We understand that this is a small list of reasons for traveling but, we implore you to abide by this order for the protection of everyone. Our agency will be stopping vehicles and pedestrians during this time of curfew.

The Warrenton Police Department wants everyone to be safe, and we will get through this as a community if everyone does their part by adhering to the laws. Also, be advised that during this time, the WPD is and will continue to enforce all traffic laws.

NC MedAssist

NC MedAssist Crisis Fund Provides Medication to Low-Income, Uninsured Residents

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-Press Release, NC MedAssist

NC MedAssist, a statewide free pharmacy, has launched a Crisis Fund in response to the overwhelming need to provide life-saving medication to low-income and uninsured residents across North Carolina.

Through this fund, NC MedAssist will provide support in two areas: providing over-the-counter medicine to marginalized populations and dispensing free prescription medication to those who have lost their income and health insurance due to COVID-19. NC MedAssist is working with key partners such as Novant Health to ensure every North Carolinian with a chronic illness who has lost their job and health insurance will have access to their lifesaving prescription medication.

NC MedAssist is the only free mail-order pharmacy in North Carolina. Their approach allows for minimal contact for patients to receive their prescription medication. Their Free Over-The-Counter store now offers curbside pickup for their customers.

“We have served North Carolina since 1997, and we are beginning to see one of the largest influx of patients since the 2008 recession. People from all walks of life needed access to their vital prescription medicine during that time,” said Lori Giang, CEO of NC MedAssist. “We expect the same surge of patients to come from the COVID-19 crisis and we do not want to turn anyone away. That is why partnerships like Novant Health are so valuable to helping us serve each patient in need of critical medication.”

NC MedAssist hopes to raise $250,000 by May 31, 2020, to prepare for the increase in patients that will need their services.

To donate go to www.medassist.org/donate.