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Agenda 03-01-22; 8-a - Minutes
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Agenda 03-01-22; 8-a - Minutes
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2/24/2022 2:41:20 PM
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BOCC
Date
3/1/2022
Meeting Type
Business
Document Type
Agenda
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8-a
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Agenda for March 1, 2022 BOCC Meeting
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7 <br /> 1 Slide #8 <br /> Required Communication <br /> AIRM <br /> IrnplfinentedGASBSd Corrected; <br /> racdatslfwd Lame Airdit <br /> capital rs.rs placaii araNIM On the unit assistance list <br /> Estimates, Single Audlt findings <br /> AllewanrefcrDmfkAAmw-An. LiKorretted(InwateralPassed <br /> napmwbla llyossdiardWiadatmn an Adjustmwtsl; <br /> hjbdh1aswmeaHSaadYlx.ieLswlflllrerenebte Board required to provide wrimn <br /> 01herpaslempinpm"bene lsIMF" Csreciresponse to the LGC within 60 <br /> rrnred st. Updcneddepreaat"fmma"jilasset days of this presentation. <br /> Ap dn�ureo h6:17WdHIII G&Ad—do Garywlll promedraft letter <br /> t]ihartapiral0.saat AA,w're�rrtr <br /> 2 <br /> 3 April Adams said that the audit was submitted after December 1St and that makes it a <br /> 4 late audit. She said that Orange County is on the Local Government Commission (LGC) unit of <br /> 5 assistance list and that is an indicator of concern. She said there are also the two single audit <br /> 6 findings that were reported on the previous slide. These items require a response from the <br /> 7 Board to the LGC within 60 days and a draft letter will be provided to the Board that addresses <br /> 8 how the county will address the performance areas of concern. <br /> 9 <br /> 10 Slide #9 <br /> Financial fesuits <br /> General Fund 6 6.ug.et to Actual <br /> Revenues beat budget by$4.3 ml I I Ion <br /> Expend Itures Linder budget by$10.8 ml I I Ion <br /> iappropri ate d balance <br /> Final buciget of$6.8million <br /> County 44 not ■ * balance <br /> %.-4 Cherry Bt=•;a=_rt' <br /> 11 <br /> 12 April Adams explained how the general fund is performing compared to budget. She said <br /> 13 that revenues exceeded the budget and that this had to do with sales tax being higher than <br /> 14 anticipated across the state. She said expenditures were under budget and that results in an <br /> 15 addition of$9 million to fund balance. <br /> 16 <br /> 17 <br />
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