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12 <br /> 1 Slide#6 <br /> �evzirs '�1 <br /> ORANGE COUNTY <br /> Results of 2020 Audi0continued) NORT 4 CAROLTNA <br /> •Flnendel PAV—M Glscltwxu <br /> mga nm m ao mnool wimini:.m im xxmm mm y <br /> mompaxon amnwmao im nmimnan aauemintne ewamws wsa•oorcA pmems.we n xwmarey inommormrm. <br /> Tho meal nmiery,mreoiney,am eanymlm umamim w•enemme m pon nraw• <br /> •Relntiomlyxah Ms�eare�R <br /> -xr imam mlmmrnan non aacnnye m.cy.nrn nemx <br /> _inw wm noanogmormm wnwnywnnmmunre anm ormnan mpnnp wamim <br /> •Aad@Adluahmeras <br /> -These me enex�poxee eW»•m1e MioM1 Hem meewey dump a,mdR pave Th <br /> nxm w•e ear er pen rca�m once CmyA pwwel kdpw ymnge�xrn Henry•erin�Ke.•e a�egawacm'x <br /> - y(e nee l�IZ awoiee me aaib ewL eWw�nne lln fim wead•duw�nn prta•a lx peaenapm e�mn nn oau2o <br /> w�INfi6000',so ne eared wrwd adwmrm cwmia to ae Cw�we na cmrm land h�LC£a5 ee moe <br /> w�npno•e�me enaae 10 meCwmh W L 1lunwne maned a Ah�omlon eed Jne 99.N19 Rn600d1. <br /> •AMxpeawnt Repree wn <br /> .renal erlwmsamlm m�minnma non r ns pmmrem y my�ua`y nmmmm Laumenaa <br /> 2 <br /> 3 <br /> 4 Tim Lyons said working with staff was a good experience, and staff was diligent and <br /> 5 worked in a timely manner, despite the challenges due to the pandemic. He said adjustments <br /> 6 were discussed regarding net pension liability, as it relates to participation in local government <br /> 7 retirement system. He said adjustments were not material and not reflected in audit statements. <br /> 8 He resumed the PowerPoint presentation: <br /> 9 <br /> 10 Slide #7 <br /> uL otn <br /> �K1ng ORANGE COUNTY <br /> Results of2020 Audit(continued) NORTH CAROLINA <br /> •Cwrx+muonwlm O—Accoa+Menm <br /> exam moire.n•m mrer w mem.n.r.emy <br /> •SgnificeiRlmuea dxraeetlxilF lllergJmm�rR <br /> o.amrom io eoamm mmare.pre,mnw.M•.a my <br /> .tnromm.amein omammnnmcrne.iainpwnaimd Finnn.inl smmm�am <br /> crew.ew <br /> area .<am aie�,amm.a�..ne awxaema r"wma e:a.��nKK�'nw*°aa:�earrp`°awmi exam <br /> •Amd1.:-, l>•nae+re <br /> _ ..�mererc wnuma pw>sam.�mm�m,auenmpm•nwn,.q.e am.m�,q reexmreae.pnnp rmm. <br /> o nao pmaro au ni m�oyrmrc mxmy awmo enopemn yre�pavnm mpn man m�neoeom.no m <br /> 1 1 <br /> 12 <br /> 13 Tim Lyons highlighted that his firm operates independently from the County, and the firm <br /> 14 goes through rigorous checks to confirm this each year. He resumed the PowerPoint <br /> 15 presentation: <br /> 16 <br /> 17 Slide #8 <br /> 18 <br /> ntllAln <br /> E"K'ns ORANGE COUNTY <br /> General Fund NORTH CAROLINA <br /> Balan"Ratio to Expendlwres <br /> ,�mJw x.zmo.mp <br /> �sux carry res 3.c momm <br /> .mM1 a�paaav��a <br /> alw ovence.me <br /> roux - ea.mm��e aml,ne <br /> s �nn.m rwsnad� <br /> asnx ` � ewxd'narem <br /> vsnx/ <br /> sax •wy�m <br /> .ame.w.e <br /> �e ce.»`r+cvn.•nm,n arere�r.,„wrxm, <br /> 19 <br />