Orange County NC Website
Former Finance Director Ken Chavious said that he was here to present the 2006-2007 <br />Comprehensive Annual Financial Report (CAFR), along with a separate audit of the Sportsplex <br />Enterprise Fund. This presentation is a statutory requirement. This was the first year with the <br />new auditors, McGladrey & Pullen, and the staff was pleased with the outcome and with the <br />audit firm. He made a PowerPoint presentation, which addressed the highlights. <br />COMPREHENSIVE ANNUAL <br />FINANCIAL REPORT <br />JUNE 30, 2007 <br />Board of County Commissioners <br />December 11, 2007 <br />FISCAL HIGHLIGHTS <br />• General Fund Activity <br />• Fund Balance Position <br />• Debt Position <br />• Solid Waste Landfill Fund <br />• SportsPlex Enterprise Fund <br />• Single Audit and Grants <br />• Audit Results <br />• Future Financial Challenges <br />GENERAL FUND REVENUES <br />AND TRANSFERS <br />• REVENUES AND TRANSFERS TOTAL <br />$169.5 MILLION <br />• INCREASE OF 11.2% OVER 2006 <br />• LEADING SOURCES OF REVENUE <br />