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10 <br />1 3. Identifies the respective roles of Department of Social Services and Housing, Human Rights <br />2 and Community Development and how they are coordinated and /or complimentary. (This <br />3 question was raised by members at a recent meeting). <br />4 <br />5 A motion was made by Commissioner Rich, seconded by Commissioner Price to bring <br />6 back the use of a three month rolling calendar starting in January, to include all relevant <br />7 meeting dates, and to be updated monthly to the Board of Commissioners. <br />8 <br />9 VOTE: UNANIMOUS <br />10 <br />11 4. Proclamations/ Resolutions/ Special Presentations <br />12 <br />13 a. Presentation of Comprehensive Annual Financial Report for FYE 6/30/2014 <br />14 The Board received the Comprehensive Annual Financial Report (CAFR) for the fiscal <br />15 year, which ended June 30, 2014. <br />16 Clarence Grier presented the fiscal year audit. He said the budget is the plan, and <br />17 these are the financial results of the plan. He said the audit is required by state statute and the <br />18 auditors are Martin Starnes and Associates. He said the audit meets the stringent standards of <br />19 the Government Finance Officers Associations (GFOA) and this was the 29th year the County <br />20 received the GFOA certification for financial reporting. <br />21 Clarence Grier recognized his financial staff, and introduced Crystal Roberts from Martin <br />22 Starnes and Associates. <br />23 Crystal Roberts presented the following PowerPoint slides: <br />24 <br />25 Orange County <br />26 2014 Audited Financial Statements <br />27 Audit Highlights <br />28 ❑ Unmodified opinion <br />29 No Significant Deficiencies noted <br />30 No Material Weaknesses Identified <br />31 <br />32 Budget vs. Actual (graph /table) <br />33 General Fund (graph /table) <br />34 Tax Collection Percentages (graph /table) <br />35 <br />36 Fund Balance History (General Fund) (graph /table) <br />37 <br />38 Fund Balance <br />39 Available fund balance as defined by the Local Government Commission (LGC) is <br />40 calculated as follows: <br />41 Total Fund Balance <br />42 Less: Non spendable (not in cash form, not available) <br />43 Less: Stabilization by State Statute (by state law, not available) <br />44 Available Fund Balance <br />45 This is the calculation utilized as the basis for comparing you to other units and <br />46 calculating your fund balance percentages. <br />47 Fund Balance Position - General Fund <br />48 Total Fund Balance $62,114,947 Non spendable - 29,242 <br />49 Stabilization by State Statute - 12,102,492 <br />50 Available Fund Balance $49,983,213 <br />