Orange County NC Website
85 <br /> Management's Discussion and Analysis <br /> The Management's Discussion and Analysis of the financial activities of the County, lifted from <br /> the Comprehensive Annual Financial Report for the County for the fiscal year ended June 30, 2018, is <br /> included in this Appendix. Management's Discussion and Analysis provides an objective and easily <br /> readable short and long-term analysis of the County's financial activities based on currently known facts, <br /> decisions or conditions. Management's Discussion and Analysis is not a required part of the Basic <br /> Financial Statements but is supplementary information required by the Governmental Accounting <br /> Standards Board. The independent auditors of the County have applied certain limited procedures,which <br /> consist primarily of inquiries of management regarding the methods of measurement and presentation of <br /> the required supplementary information. However,they did not audit this information and did not express <br /> an opinion on it. <br /> B-1 <br />