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12 <br /> 1 Joel Black said part of the audit is a review of the financial statements produced from <br /> 2 Management's general ledgers. He said these numbers are tested to insure accuracy. He said <br /> 3 an audit adjustment would be something that is found during that review that needs to be <br /> 4 brought to Management's attention. He said the County has taken action on all audit <br /> 5 adjustments that were found during the review. <br /> 6 Commissioner Marcoplos asked if the auditors could describe how they would have felt <br /> 7 if the County had a fund balance of 14%, rather than 16.2%. <br /> 8 Joel Black said that would be on the low side, but typically the larger the government the <br /> 9 lower the fund balance tends to be. He said the preferred range is 16-25%. <br /> 10 Commissioner Burroughs said in previous audits there have been no findings, which she <br /> 11 found unnerving. She said she was glad to see that there are findings in this audit, and that <br /> 12 staff is responding appropriately. <br /> 13 Chair Dorosin said it is a good reaffirmation of why it is best practice to change auditors <br /> 14 every few years. He thanked Mauldin and Jenkins for their work. <br /> 15 <br /> 16 5. Public Hearings <br /> 17 NONE <br /> 18 <br /> 19 6. Regular Agenda <br /> 20 <br /> 21 a. Environmental &Agricultural Center (EAC) —Visioning Study Update and <br /> 22 Development Options <br /> 23 The Board considered receiving the preliminary visioning and development option study <br /> 24 regarding the Environmental and Agricultural Center (EAC) prepared by HH Architecture, and <br /> 25 providing direction to the Manager regarding the following staff-recommended development <br /> 26 options. <br /> 27 Jeff Thompson, Asset Management Services Director, made the following PowerPoint <br /> 28 presentation: <br /> 29 <br /> 30 ORANGE COUNTY ENVIRONMENT AND AGRICULTURAL CENTER <br /> 31 Visioning Study Update & Development Options <br /> 32 <br /> 33 Board action requested: <br /> 34 • Receive and provide feedback regarding the overall vision study conducted by HH <br /> 35 Architecture; <br /> 36 • Discuss and decide a development course of action for the Environment and Agricultural <br /> 37 Center (EAC) to inform the FY2017-22 Capital Investment Plan <br /> 38 A Brief History— BOCC Actions <br /> 39 Blackwood Farm Master Plan / Parks Operation Base <br /> 40 BOCC adopted March 3, 2011 <br /> 41 Includes a new Parks Operation Base, not EAC <br /> 42 Revere Rd EAC / HH Architecture Preliminary Study <br /> 43 2013 decision to remove 2018 repair funds in favor of renovate/replace <br /> 44 Government Services Annex inappropriate <br /> 45 2015 decision to study options <br /> 46 BOCC Space Utilization Principles <br /> 47 Co-location (2001) <br /> 48 Consolidation (2001) <br /> 49 Owning (2001) <br /> 50 Sustainable practices (2005) <br />