Orange County NC Website
19 <br />with the effective date of this Agreement. The dissolution of OPC was <br />preceded by a public hearing in Orange County, in Person County and in <br />Chatham County, each held with notice published in every participating <br />county at least ten days before the hearing. The dissolution of OPC <br />is with prior approval of the Secretary. Continuity of services <br />provided by OPC in its Catchment Area is assured by virtue of the <br />creation of the LME and the execution of this Agreement. <br />The budgetary surplus available to OPC at the time of its <br />dissolution is to be distributed to Orange, Person and Chatham <br />Counties respectively on the same pro rata basis as each county <br />appropriated and contributed funds to OPC's budget during the fiscal <br />year in which dissolution .occurred. Prior to distribution, an audit <br />of the financial records of OPC shall occur and distribution shall be <br />based on the results of the audit. The audit shall be conducted by a <br />certified public accountant or accountant subsequently certified by <br />the Local Government Commission to conduct the audit who is chosen by <br />the OPC Area Board. The audit shall be conducted in accordance with <br />the provisions of N.C.G.S. §159-34. All funds distributed to the <br />Parties in accordance -with this section shall be placed in the fund <br />balance of the LME. <br />If unobligated surplus funds of OPC are not sufficient to satisfy <br />the total indebtedness of OPC, the remaining unsatisfied indebtedness <br />shall be apportioned among the Parties on the same pro rata basis that <br />the Parties appropriated and contributed funds to OPC's budget during <br />the fiscal year in which dissolution occurred. <br />