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16 <br /> <br />expenditures, and expenses. During our testing, audit adjustments were required to <br />properly report the County’s debt and related debt service schedules and related <br />balance sheet account, revenues, and expenditures/expenses. Audit adjustments <br />totaling approximately $30 million were required to record other financing sources <br />and other financing uses; and $8.5 million were needed to correct the classification <br />of the County’s accounting and reporting of the debt service activity. We <br />recommend the County carefully review all financing documents received during the <br />issuance of the bonds or notes. There are several draft versions, which may <br />circulate before the final information is available, but all members of the County’s <br />management team should ensure all key members have the necessary schedules to <br />properly report the issuance, issuance costs, and other disbursements associated with <br />the issuance. <br /> <br />Expenditure/Expense Recognition <br />During our testing, audit adjustments were required to properly report the County’s <br />expenditures/expenses and related balance sheet accounts. During our testing of <br />subsequent disbursements we identified expenses that were incurred as of June 30, <br />2018 but were note remitted until subsequent to the fiscal year end. The expenses <br />of the County Capital Project Fund and the Solid Waste Landfill Fund were <br />understated by $227,745 and $65,712, respectively. Audit adjustments totaling <br />approximately $293,450 were needed to correct the County’s <br />expenditures/expenses and related balance sheet accounts. We recommend the <br />County ensure all expenditures/expenses are properly reported in accordance with <br />generally accepted accounting principles. <br /> <br />Equity Reconciliation <br />During our testing, an audit adjustment was required to adjust the opening net <br />position of the Solid Waste Landfill Fund. The entry included adjusting balances <br />incorrectly coded to equity during the current year, as well as to record audit entries <br />from the prior year, which were not posted to the County’s general ledger. An audit <br />adjustment totaling $806,521 was needed to correct the County’s opening net <br />position as of June 30, 2018. We recommend the County carefully review all <br />transactions to ensure all year-end closing entries, including those proposed by <br />the auditors, are recorded in accordance with generally accepted accounting <br />principles. <br /> <br />Industry recommendation <br />The Information Technology environment is characterized by rapid change and there <br />has been no shortage of headlines about cyber security attacks. While breaches <br />of large organizations have been very high profile and have received a lot of <br />press coverage, organizations of all sizes face the same types of threats and are <br />experiencing similar breaches. Many organizations are still struggling to effectively <br />address cyber security issues; however, they are no longer ignoring them. During the <br />performance of our audit of the financial statements of the County, we noted that the <br />organization is taking measures to prevent such an attack on the County, but is <br />lacking some elements of a Cyber security Framework or Cyber security Risk <br />Management Program (CRMP). A functioning CRMP will assist the County with <br />comprehensively identifying cyber security weaknesses, potential threats and risks, <br />and controls used to safeguard information and systems. We recommend that the