Orange County NC Website
Browse       Search
25 <br /> Y 2019-20 Operating and Capital Funds <br /> Summary <br /> ➢ Clean Audit Opinion for FY 2019-20 Financial Audit submitted to Local <br /> Government Commission (LGC) <br /> ➢ Federal and State Grant Audit In Progress March 31 , 2021 LGC <br /> extended deadline due to COVID; <br /> ➢ Unassigned Fund Balance at 15.6%; General Fund Cash advances for <br /> pending FEMA reimbursable expenses; <br /> ➢ Favorable Budget versus Actuals Performance and Fund Reserve <br /> Levels consistent with Quarterly Financial reports and Long-Term <br /> Financial Model; <br /> ➢ No General Fund Subsidy to Solid Waste Fund; <br /> ➢ Affirmation of `AAA Bond Rating by all Three Major Credit Rating <br /> Agencies <br /> ➢ Series 2020 General Obligations Bonds: $20 million for OCS-Cedar <br /> Ridge HS Wing and Various School Improvements and Series 2020 <br /> Limited Obligation Bonds: $40.7 million for Northern Campus, Solid <br /> Waste Vehicles and Equipment <br /> RANGE COUNTY <br /> NORTH CAROLINA <br />