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O <br />Certificate of <br />.A.chievement <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, 2006 <br />A Certificate of Achievement for Excellence in Financial <br />Reporting is presented by the Govemment 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 />standazds in government accounting <br />and financial reporting. <br />i~~t~y'L' <br />,.,NCE OFpj~ <br />f OtGTm~ ~ <br />Z~ ~~ ~N .~ President <br />~ sac .~ <br />O~ ~17Gq ~O ~. <br />. j~s~Cs~~~t 1 ~i~~~~~~ <br />Executive Director <br />