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5 <br /> Report (CAFR) that meets the standards set by the Government Finance Officers Association <br /> (GFOA). The CAFR is submitted to the GFOA in order to be awarded the Certificate of <br /> Achievement for Excellence in Financial Reporting. The financial report for the Orange County <br /> SportsPlex, as required under the management contract, is included in the County's CAFR. <br /> The audit results for the fiscal year ended June 30, 2016 indicate a strong financial position for <br /> Orange County. The County received an unmodified (clean) audit opinion on the financial <br /> statements received from the audit. The Chief Financial Officer and representatives of Mauldin <br /> and Jenkins will cover highlights of the report and answer any questions. <br /> Gary Donaldson, Chief Financial Officer, acknowledged the members of his finance <br /> team, and the Board presented the Certificate of Achievement for Excellence In Financial <br /> Reporting award. <br /> Gary Donaldson introduced the auditors from Mauldin and Jenkins. <br /> Joel Black, Mauldin and Jenkins Engagement Partner, reviewed the following <br /> PowerPoint presentation: <br /> Mauldin and Jenkins <br /> Presentation of 2016 Audit Results <br /> Orange County, North Carolina <br /> March 21, 2017 <br /> Agenda <br /> • Engagement Team <br /> • Results of 2016 Audit <br /> • Financial Ratios <br /> • Comments, Recommendations, and Other Issues <br /> • Questions and Comments <br /> • Mauldin and Jenkins, LLC; General Information <br /> o Founded in 1920 <br /> o Large regional firm serving the Southeastern United States <br /> o Offices located in Atlanta, GA, Macon, GA, Albany, GA, Bradenton, FL, <br /> Chattanooga, TN and Birmingham, AL employing approximately 280 employees <br /> • Mauldin and Jenkins, LLC; Governmental Sector <br /> o Largest specific industry niche served by the Firm representing 25% of Firm <br /> practice <br /> o Serve more governmental entities throughout the Southeast than many other <br /> certified public accounting firm requiring over 70,000 hours of service on an <br /> annual basis <br /> o Approximately 90 professional staff persons with current governmental <br /> experience <br /> o Current auditor for over 300 total governments in the Southeast, including <br /> approximately: <br /> • 40 counties; <br /> • 85 cities <br /> • 40 school systems; <br /> • 40 state entities; and, <br />