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Slide #8 <br /> Required Communication <br /> Irnplern@nted GAS B Corrected; <br /> WAw Usslriid Late Audit <br /> capital aaml plac9dena sardcL Ontheunitassistancelist <br /> Estfmat s.ngleaudlt finar cgs <br /> Allawenref�D-•,Ialfal400cs,rAs NJ z-orracted(Irfimatersal Pagsed <br /> OaPcrri=nratNnas4aWiorticp'arlahon orb k1lUStlrle�t5 k Board required to provide Written <br /> olherpaslemplWm"beneMslrahwy Wr+le Arnxbvbmc PrerlrerelMaks response to the LGYC'within 60 <br /> Gored 4r+rat¢ebm�Prer*rina <br /> UpOuled deprem"Fmm rep+lelasset clays Qf this presentation, <br /> Pceldasureomisfola-dllll ,;,s Garywlll pfovrde draft letter <br /> 6rharCaplrald�Ad��•r.nhc ;,i <br /> April Adams said that the audit was submitted after December 1st and that makes it a <br /> late audit. She said that Orange County is on the Local Government Commission (LGC) unit of <br /> assistance list and that is an indicator of concern. She said there are also the two single audit <br /> findings that were reported on the previous slide. These items require a response from the <br /> Board to the LGC within 60 days and a draft letter will be provided to the Board that addresses <br /> how the county will address the performance areas of concern. <br /> Slide #9 <br /> Financial Results <br /> General Fund —Bridget to Actual <br /> budget4 <br /> Fund Saiance- <br /> appropriated balance <br /> i • et of$6-S miMonthrough <br /> County did iusetatal <br /> Q w�CherryBd2ert- <br /> April Adams explained how the general fund is performing compared to budget. She <br /> said that revenues exceeded the budget and that this had to do with sales tax being higher than <br /> anticipated across the state. She said expenditures were under budget and that results in an <br /> addition of$9 million to fund balance. <br />