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12 <br /> 1 ➢ General Obligation Bonds: $64.4 million for Chapel Hill High School; $15.9 million <br /> 2 Orange County Schools Mechanical Systems, Site acquisition, Roofing and Safety <br /> 3 improvements; $5.9 million Two-thirds bonds for both School Districts; and $2.5 million <br /> 4 for Affordable Housing Bonds for CASA, Empowerment and Habitat for Humanity <br /> 5 Projects. <br /> 6 <br /> 7 Financial Management Monitoring <br /> 8 • Monthly and Quarterly Finance Reviews of all Funds <br /> 9 • Budget versus Actual Variance Analyses compared with Prior Year <br /> 10 • Financial Analysis Distinguishing Timing versus Performance Variances <br /> 11 • Updating Economic indicators and trends in new Long-Term Financial Model <br /> 12 • Regular Communication and Collaboration with all Departments to monitor and improve <br /> 13 Financial Results <br /> 14 <br /> 15 Internal Control Key Performance Indicators (table) <br /> 16 <br /> 17 James Bence, Maudlin & Jenkins, made the following PowerPoint presentation: <br /> 18 <br /> 19 Maudlin and Jenkins <br /> 20 Presentation of 2018 Audit Results <br /> 21 Orange County, North Carolina <br /> 22 December 11, 2018 <br /> 23 <br /> 24 Agenda <br /> 25 ■ Engagement Team <br /> 26 ■ Results of the 2018 Audit <br /> 27 ■ Financial Ratios <br /> 28 ■ Comments, Recommendations,and Other Issues <br /> 29 ■ Questions& Comments <br /> 30 <br /> 31 Engagement Team <br /> 32 Maudlin & Jenkins, LLC; General Information <br /> 33 o Founded in 1918 <br /> 34 o Large regional firm serving the Southeastern United States <br /> 35 o Office located in Atlanta, GA; Macon, GA; Albany, GA; Savannah, GA; <br /> 36 Bradenton, FL; Chattanooga, TN; Birmingham, AL; and Columbia, SC employing <br /> 37 approximately 260 personnel <br /> 38 o In addition to our governmental practice, we have large banking, healthcare, not <br /> 39 for profit, benefit plan and tax practices. <br /> 40 Maudlin & Jenkins, LLC; Governmental Sector <br /> 41 o Largest specific industry niche served by the Firm representing 25% of Firm <br /> 42 practice <br /> 43 o Serve more governmental entities throughout the Southeast than many other <br /> 44 certified public accounting firm requiring over 85,000 hours of service on an <br /> 45 annual basis. <br /> 46 o Approximately 100 professional staff persons with current governmental <br /> 47 experience. <br /> 48 o Current auditor for over 400 total governments in the Southeast, including <br /> 49 approximately: <br /> 50 • 45 counties; <br />