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12 <br /> Slide #6 <br /> il9 PI, ,�� <br /> a ENKIN5 <br /> ORANGE COUNTY <br /> Results 02020Audlt�ccrtinued] NORT4CAROLINA <br /> •Flnenclel SleNmeM❑Iscltnws <br /> my <br /> ma wvalnmmry.mm n, e�ihol�m orcnnim.as.msmrm mwn mraw• nmmme re vlmmaro. <br /> •ReNtiucehlp Manger I <br /> _.w nrm.e m� n�a qm q.cmnya.nrpam.e Hamm <br /> -rnw w.no q w•nnn.ngm.nmrcm p mormne w p m <br /> •AWRAtljuehnerRa <br /> msd aNam� <br /> •arc•e a wemalMm ma�dvd onNe Cwide mnwel�Lr mmma�.n mdmrr�ne�m�rzo.•na�ego�ae�a� <br /> •^I2lmwrzetl mtl mwb awt eljam-nna 1M1e xtl mpmmn pens-a io xpeea�m e�wn ma oxnrze <br /> re�IYW sYoo�mtl qe aacma emue aqunmee dim to qe curry.rci mean rartr b�LCEes ae mw <br /> mMMlom xxe artebtl 10 q.Cwrye W L 1Mnxue rzmnk w mkrM aJAn.•aaW Jne 9a.Pr9 N+BOW I <br /> AlerrgeeLwnt Repreawenan <br /> ",=d n mpim.nmore rrzm momp.n.m iemnp to tm.rcu.ey a nmimnnn erfume a q. <br /> prerc�i yn•m`ms am Im mrcpMmmc ne maxyuwlwn pmmrmen rarymlm eyuc <br /> Tim Lyons said working with staff was a good experience, and staff was diligent and <br /> worked in a timely manner, despite the challenges due to the pandemic. He said adjustments <br /> were discussed regarding net pension liability, as it relates to participation in local government <br /> retirement system. He said adjustments were not material and not reflected in audit <br /> statements. He resumed the PowerPoint presentation: <br /> Slide #7 <br /> YJxv1u11lg <br /> ��ttll� ORANGE COUNTY <br /> Results of2020 Audit(continuedl NORTH CAROLINA <br /> •Cwwa4McnrMrCTer Acca+eenb <br /> •mme awm•mm mmr im.w.mm mm•n•n.e.mp <br /> •l�nificerR leeu.e❑iec.aeetlxit,fiYrp.merR <br /> ..gnmm r.wamm mm.ma qrm.v.wp..q rrp <br /> •Iefom.tirnienamrmrRa GaVainingA-Financial Sl.MaranM <br /> .uMbr en <br /> u rrmm�e�iM <br /> •AWlwrinhppnerKe ,b•pam.ur iar•vr au. a.�mr.e aewbav mwe mm. .ea�wer. <br /> ..murmur mnuren�nmem nrcm�m,aw�.•ma,mm�.� �o�m mmm., ®. <br /> Tim Lyons highlighted that his firm operates independently from the County, and the <br /> firm goes through rigorous checks to confirm this each year. He resumed the PowerPoint <br /> presentation: <br /> Slide #8 <br /> General Fund ORANGE COUNTY <br /> NORTH CAROUNA <br /> Balance RatW to ExpendlWres <br /> �snx crzrq re.3ccmm�. <br /> —fi a wwed—m <br /> �oox an".mirn�l.�mna <br /> id rwe wee�l�e <br /> :snx ew�p re�. <br /> s,� -Amen.e <br /> �.b.wa cb.,Pa-.,•..Amre�F.,m�n�. <br />