Orange County NC Website
Anvlysls of a0 mennee <br />We will assis[ me Cows m cwrylelmg sh<GASD 34Arelysis ofRevenues lemplakthat was developwldusing om <br />GA5994 storm amassment The delnremM1le fa fhismojectwill he Ihecornp!eled sempam `sevlcirg wt v9 ro=enuus <br />betwaev5rvuzl avd pmgam. <br />Comoktlatlon of iodivltloal deparhnenl spreadsheals <br />Dwing ow uliliel GASG 34 mwssmwl our mnew liioa[ed ket the GOwly didnotbuve mpiml vssdsaccumnlamd <br />into ane document. Om revinv indicated thus evpiml vseem were being mvinmined on axed eprcedehe<m by <br />indiv~dosl dcperunwm. The delivmable for Mis prOjeIX wi11M the cooaolidatiw ofall dapastmemal capital asttb <br />spcwdshcaa isle enc dowmcvs plus thevddilien o[theland wdbuildivg detail. <br />Development of lantl delvl antl mmb4ahmm[o[pnrchaae dam <br />Our review of oapiml aeecm indicated that land lM1n is amrently ownetl by the Cepnty is nos mcorEed In [he celnml <br />saetrecoNS. The COwty has rcovitletl ma with a tlelvl N all lwd tM1a[is owvedby Me COnnty as ef]we3Q 2110E <br />Tha tlel{vervbk frn tMS pryers will be to go Ihrovgb the reeordo 4TMOVIAeA by the Convry avd iisospomse all oFIM1e <br />lend cwnadby Ne Cowt lab lM1C wpilal assns reamds. Baeetl upon ow review of ILC dwd of kuns we will also <br />eamblisM1 original wstvalma andthe date land wac plazedin service. <br />Allocation oNUJdiuR mst and ertablishmeul orpm<hase date <br />Oorrc woRM1<cepiml asenrcepw indicated that the CnwrydidrotM1eve ademil listin6ofM1uildinga named. The <br />uielwg recede had a lump eum balance fm all buildwge slut have hem purchaeetl ovm the years. ILC Cwnry lue <br />provided us wishe detail of all buildings oxmedby the Cowry as eCJwe 30, 2001. The dehvasble Cm I)us mojoct <br />will be w gu ttwugh WerecoNs muvided by Ne Cowt and allocate the existing cos[rexorded in she capial asset <br />xoNaM1Mmm all nfine baildinga. We will alsoreviewtM1e deed efbuah avdwill esvblisT tM1e date eachbwldwg <br />wasPmeN in service. <br />necomvneupn armiaainR capita, assn renpma <br />Omrtvicwofcapiml zest,rcemda indicatN that the COUmy M1ed lmnp sore bvlmma foreapiml maeb acgwrd prim <br />to a specific date. Our d<tivenbl< wJl be to ge trvoapp slss capial sore records sod allomk sMec Iwip swr M W cm <br />betwew exsting assns. <br />Eamb4bhmealof eelimaletl uae1L11Wes <br />Once sll alma capial asaeb mcordslmve been esmbtished, we will assist she Cowry iv esmblislting she r_aimemd <br />useful lives for each category of ease. Utce a policy bas hem esmblish<d, we will mcmporak due data mw the <br />capital assess eubaidiary 1Wger. <br />Compum4on ofbegwoiug of she yesseeeumomtW deprenetlon <br />Onm axbave accumulamdall oftlss dam rmuved Im die mPiml sssn subsidivy ledgm,.wc wW calculme endrwnd <br />begiwing afshe y®r wcumulatal depreciefionbelwc<s. <br />Go Pond mapplnl9 (Snttware Reed by Auditors) <br />Since the Cowty is m fie process of selecsivg anew genersl ledge acww[ing system, tk Cowry hm elmsed a <br />sae GU FmWinshe inlmmWaccumomk dle dam necemvsybproduce dse govemmmtwid<f cial amtcmmb, <br />Olv del{vnablefm rM1G pro]mt will beta go tlueugh Me ]orm 30, ]AOI Visl balance wdmap tM miadug geugal <br />I~gm accowm vo Ihal the detail iNmmaYw can be sorrM as required to produce me govemmens wide f enciel <br />stamm<nb for Swe 30, 2002. <br />