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Agenda - 01-29-1985
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Agenda - 01-29-1985
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Last modified
10/5/2016 11:41:23 AM
Creation date
9/8/2016 11:56:14 AM
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BOCC
Date
1/29/1985
Meeting Type
Special Meeting
Document Type
Agenda
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ORANGE COUNTY FINANCE DEPARTMENT <br /> The mission of the Finance Department is established by the General <br /> Statutes of the State of North Carolina to ensure the effective financial <br /> management of the County's resources. This includes:. keeping the accounts <br /> in accordance with generally accepted accounting principles, disbursement <br /> of all funds in strict compliance with the Local Government Budget and <br /> Fiscal Control Act, receipt and deposit or supervision of the receipt <br /> and deposit of all funds, maintenance of all records of bonded debt, <br /> investment of idle funds, and financial reporting, In order to accomplish <br /> this mission the Finance Department is organized into the following specific <br /> areas: accounts payable, payroll, grants management, treasury, general <br /> ledger, budget, accounts receivable and management analysis. <br /> The significant elements of the workload in the Finance Department in <br /> the current fiscal year 1984-85 are: external and internal reporting, <br /> general ledger maintenance, processing approximately 11,000 accounts <br /> payable checks, 10,000 vouchers, 10,000 payroll checks, maintaining in <br /> excess of 800 vendor files, audit preparation, budget monitoring and <br /> technical assistance and investments in excess of $22,000,000 throughout <br /> the year. • <br /> The Finance Department has been the recipient of the Government Finance <br /> Officers Associations' Certificate of Conformance in Financial Reporting <br /> for the past two years. This award is the highest form of recognition <br /> in governmental accounting and financial reporting, and its attainment <br /> represents a significant accomplishment by a government and its management. <br /> Also, the Finance Department has made considerable strides in resolving • <br /> I ( "Single Audit" issues with several state and federal agencies to the benefit <br /> of the County. <br /> • <br />
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