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5 <br /> 1 The audit results for the fiscal year ended June 30, 2016 indicate a strong financial position for <br /> 2 Orange County. The County received an unmodified (clean) audit opinion on the financial <br /> 3 statements received from the audit. The Chief Financial Officer and representatives of Mauldin <br /> 4 and Jenkins will cover highlights of the report and answer any questions. <br /> 5 <br /> 6 Gary Donaldson, Chief Financial Officer, acknowledged the members of his finance <br /> 7 team, and the Board presented the Certificate of Achievement for Excellence In Financial <br /> 8 Reporting award. <br /> 9 Gary Donaldson introduced the auditors from Mauldin and Jenkins. <br /> 10 Joel Black, Mauldin and Jenkins Engagement Partner, reviewed the following <br /> 11 PowerPoint presentation: <br /> 12 <br /> 13 Mauldin and Jenkins <br /> 14 Presentation of 2016 Audit Results <br /> 15 Orange County, North Carolina <br /> 16 March 21, 2017 <br /> 17 <br /> 18 Agenda <br /> 19 • Engagement Team <br /> 20 • Results of 2016 Audit <br /> 21 • Financial Ratios <br /> 22 • Comments, Recommendations, and Other Issues <br /> 23 • Questions and Comments <br /> 24 <br /> 25 • Mauldin and Jenkins, LLC; General Information <br /> 26 o Founded in 1920 <br /> 27 o Large regional firm serving the Southeastern United States <br /> 28 o Offices located in Atlanta, GA, Macon, GA, Albany, GA, Bradenton, FL, <br /> 29 Chattanooga, TN and Birmingham, AL employing approximately 280 employees <br /> 30 <br /> 31 • Mauldin and Jenkins, LLC; Governmental Sector <br /> 32 o Largest specific industry niche served by the Firm representing 25% of Firm <br /> 33 practice <br /> 34 o Serve more governmental entities throughout the Southeast than many other <br /> 35 certified public accounting firm requiring over 70,000 hours of service on an <br /> 36 annual basis <br /> 37 o Approximately 90 professional staff persons with current governmental <br /> 38 experience <br /> 39 o Current auditor for over 300 total governments in the Southeast, including <br /> 40 approximately: <br /> 41 • 40 counties; <br /> 42 • 85 cities <br /> 43 • 40 school systems; <br /> 44 • 40 state entities; and, <br /> 45 • 120+ special purpose entities (stand-alone business type entities, <br /> 46 libraries, etc.) <br /> 47 <br /> 48 • Engagement Team Leaders for Orange County <br /> 49 o Joel Black, Engagement Partner <br /> 50 o James Bence, Audit Services Partner <br />