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2 <br />Certificate of <br />Achievement <br />for Excellence <br />in Financial <br />Reporting <br />Presented to <br />Orange County, <br />North Carolina <br />For its Comprehensive Annual <br />Financial Report <br />for the Fiscal Year Ended ` <br />June 30, 2005 <br />A Certificate of Achievement for Excellence in Financial <br />Reporting is presented by the Government Finance Officers <br />Association of the United States and Canada to <br />government units and public employee retirement <br />systems whose comprehensive annual financial <br />reports (CAFRs) achieve the highest <br />standards in government accounting <br />and financial reporting. <br />GE OFfii <br />P~; <br />• C 4 l~i~in~ ~-T./ <br />.- <br />¢~~ aFTe <br />~ <br />~s <br />uNITCD sTATES „ <br />~ AND ~', <br />`"""°" <br />d CDRPDRATIDH~,j President <br /> <br /> <br /> <br /> Executive Director <br />~. <br />