Orange County NC Website
Browse       Search
ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: 'HFHPEHU  <br />Action Agenda  <br />Item No.G <br /> <br />SUBJECT:3UHVHQWDWLRQRI&RPSUHKHQVLYH$QQXDO)LQDQFLDO5HSRUWIRU)<( <br />DQG$SSURYDORI$XGLW&RQWUDFW([WHQVLRQ <br /> <br />DEPARTMENT: )LQDQFHDQG$GPLQLVWUDWLYH6HUYLFHV  <br />ATTACHMENT(S):INFORMATION CONTACT: <br /> *)2$$ZDUGIRU([FHOOHQFHLQ <br />)LQDQFLDO5HSRUWLQJ <br /> 3RZHU3RLQW3UHVHQWDWLRQ)< <br />)LQDQFLDO5HYLHZ <br /> <br />UNDER SEPARATE COVER <br />3. Comprehensive Annual Financial <br />Report, June 30, 2018 – Hard Copy <br />To Be Provided at the Meeting – <br />CURRENTLY AVAILABLE <br />ELECTRONICALLY AT: <br />http://www.co.orange.nc.us/732/Finan <br />cial-Audit <br />PowerPoint Presentation-Mauldin & <br />Jenkins – To Be Provided at the <br />Meeting <br /> *DU\'RQDOGVRQ   <br />3DXO/DXJKWRQ   <br /> <br />PURPOSE: 7RUHFHLYHWKH&RPSUHKHQVLYH $QQXDO)LQDQFLDO5HSRUW &$)5 IRUWKHILVFDO\HDU <br />HQGHG-XQHDQGWRDSSURYHDQH[WHQVLRQWRWKHDXGLWFRQWUDFWIRU0DXOGLQ -HQNLQV <br />3//& <br /> <br />BACKGROUND:7KH&$)5UHSRUWVRQDOOILQDQFLDODFWLYLW\RIWKH&RXQW\IRUWKHILVFDO\HDU-XO\ <br />WKURXJK-XQH0DXOGLQDQG-HQNLQVDILUPRI&HUWLILHG3XEOLF$FFRXQWDQWV <br />DXGLWHG WKHILQDQFLDO VWDWHPHQWV7KHILQDQFLDO VWDWHPHQWV DXGLW DQG FRQWUDFW H[WHQVLRQ DUH <br />UHTXLUHGE\&KDSWHURIWKH1RUWK&DUROLQD*HQHUDO6WDWXWHV7KH&RXQW\SUHSDUHVD <br />&RPSUHKHQVLYH $QQXDO )LQDQFLDO 5HSRUW &$)5  WKDW PHHWV WKH VWDQGDUGV VHW E\ WKH <br />*RYHUQPHQW )LQDQFH 2IILFHUV $VVRFLDWLRQ *)2$  7KH &$)5 LV VXEPLWWHG WRWKH*)2$ LQ <br />RUGHUWREHDZDUGHGWKH&HUWLILFDWHRI$FKLHYHPHQWIRU([FHOOHQFHLQ)LQDQFLDO5HSRUWLQJ7KH <br />ILQDQFLDOUHSRUWIRUWKH2UDQJH&RXQW\6SRUWV3OH[DVUHTXLUHGXQGHUWKHPDQDJHPHQWFRQWUDFW <br />LVLQFOXGHGLQWKH&RXQW\¶V&$)5 <br /> <br />7KH&RXQW\UHFHLYHGDQXQPRGLILHG FOHDQ DXGLWRSLQLRQRQWKHILQDQFLDOVWDWHPHQWVUHFHLYHG <br />IURPWKHDXGLW7KHILQDQFLDODXGLWUHVXOWVLQGLFDWHFRPSOLDQFHZLWK&RXQW\ILQDQFLDOSROLFLHV7KH <br />&KLHI)LQDQFLDO2IILFHUDQGUHSUHVHQWDWLYHVRI0DXOGLQDQG-HQNLQVZLOOFRYHUKLJKOLJKWVRIWKH <br />UHSRUWDQGDQVZHUDQ\TXHVWLRQV <br />1 <br />3//& <br />S S \ <br />DSSURYHDQH[WHQVLRQWR WKHDXGLWFRQWUDFWIRU0DXOGLQ -HQNLQV <br />S <br />$SSURYDORI$XGLW&RQWUDFW([WHQVLRQ <br />DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44