Orange County NC Website
Browse       Search
A+~a~ ~ <br />Orange County Finance Department <br />Committed to Fisca/ Erce/%nce <br />208 South Cameron Street <br />Post Office Box 8181 <br />Hillsborough, NC 27278 <br />ORANGE COUNTY <br />~00~ <br />NORTH CAROLINA <br />Ceceaan~rt:vc s5o Yeaxs <br />Kenneth T. Chavious, Finance Director <br />MEMORANDUM <br />TO: John Link, County Manager <br />FROM: Ken Chavious, Finance Director <br />DATE: October 14, 2003 <br />SUBJECT: Review of APS Financial Information <br />Tel (919) <br />245-2450 <br />Fax (919) <br />644-3324 <br />www.co.orange.nc.us <br />As you requested, Donna Dean and I met with officials of the Animal Protection Society on <br />October 6, 2003, for the purpose of reviewing/analyzing financial information <br />accompanying the Society's request for additional funds. This request was included in the <br />September 13, 2003 letter written to you by Pat Beyle, APS President. <br />The amount of analysis we were able to perform was limited due to time constraints <br />expressed by APS staff. In addition, certain information required for an in depth <br />comprehensive analysis of operations and overall financial condition were not made <br />available to us. We were provided documents by shelter staff entitled "FY 2002 -2003 <br />OCAS Budget/Financial Performance Explanation" and "FY 2003-2004 OCAS Budget <br />Explanation" These documents can be provided upon request. Shelter staff was <br />cooperative in answering questions related to the documents and numbers provided. <br />These documents and previous audited financial statements we had on file are the basis <br />for, what I will call from this point on, our review. <br />Observations <br />• In fiscal year 2002-2003 financial reports the APS implemented changes in the <br />accounting and allocation of expenses that they acknowledged in the letter <br />mentioned above. The reallocation of these expenses significantly impacted <br />shelter costs. There were no details provided in the letter or in the documents <br />provided by Shelter staff that highlighted actual numbers. There are some <br />percentages mentioned but no actual dollar amounts that explain the dollar value of <br />the reallocation of costs. In FY 2002 the Shelter financial statements reflected <br />$34,000 in support from the APS. The APS support reflected for 2002-2003 and <br />projected for $2003-2004 is in excess of $100,000. <br />l~ <br />An Equal Opportunity/Affirmative Action Employer <br />