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<br />Certificate of <br />Achievement <br />far Excellence <br />in Financial <br />Reporting <br />Presented to <br />Orange ,County, <br />North Carolina <br />For its Comprehensive Annual <br />Firiancial 13eport <br />- for the Fiscal Year Ended <br />June 30, x999 <br />A Certificate of Achievement for Excellence in Financial <br />Reporting is presented by the Government 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 />standards in government accounting <br />and financial reporting. <br />~~~ <br />~~ ~ <br />q <br />~ Ce„~,,,~p s ~ President <br />'~ GIICA4~ <br />/5, f~ <br />~/~ <br />. Executive Director <br />_~_ <br />