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7 <br /> 1 Slide #5 <br /> Orange Cvunj�K Abr&Caralma <br /> Compliance Rop prt and AudI4 Scopes&Rr"adum <br /> • ruvrrrrmrrefA+rdie�n e5 of ndstf"Yelb4u Back-)Roparl <br /> The financial reparl w1age a"ains a repot en urinls of Uw Cctrrtys rrlemal cDMrals and mmpliame vrlh <br /> lair;regulatiorq elm The pert is mt rrlended to pravide are operon an rrlemat carinak rima it rdended is <br /> Ix?arhle a legal det€<rrwmion on the Coarns"'s€wpkarI€e with applicable laws and regulallons, <br /> This report and lrrc pracedures perfa rmed are required myCsrrrnaeni.�crd"h`n!45taraa'erds <br /> cDmpfian€e"rts <br /> We vrlere required la perform Single Au dd p nacedu res on eighrl 18)n-Wr ptrcgrum s{6 Federal ertd 3 Stale of tJ DM <br /> Caro"vwrar O <br /> We Issued a repan ori the Countys rederal progwils In ac€o4ance wnh Ilse Vgoff,CwndanceThat repan <br /> conta+Iers an uwoJd*d oprsan on€or paanoe[lelals on the IMAngs cued In That repon are Incl>sJed IaW In <br /> Ovs prewmaton. <br /> We.ssAwl a repon on the County's state pWalrls In accordance wdh The Stale or r onh Gwo"51n41e Au(t <br /> Ilrg3lemerrlatian Act detals an the fiindngs cited n Mal report are wrluded talrr in chis preuntelim <br /> AfjdWs Drs�R Amalyws fAE?&4) <br /> 2 Mie so, <br /> 3 Tim Lyons said M&J issues multiple reports in the back of the Annual Comprehensive <br /> 4 Financial Report (ACFR). He said there were a couple of findings in the Government Auditing <br /> 5 Standards Report and he will discuss those later in the presentation. He said there are also two <br /> 6 required Single Audit reports. The Federal Single audit is required because the county spends <br /> 7 more than $750,000 a year in federal funding, and the North Carolina Single Audit is required <br /> 8 because the county spends over$500,000 at the state level. <br /> 9 <br /> 10 Slide #6 <br /> JrarageCctirrrty,h+arhF Caro rarr•a <br /> Financial Trcr+&—Composition of Fund Galan€e <br /> Trate from 2021 to 3023 <br /> Fund Balance Categories-General Fund - 2021 Funxiearance!$76.1M <br /> a5av000 r 2022F1rrndBallance;$81.3M <br /> aame.uu0 w Increasetovnasslgnedfund <br /> 35,O7n,aaa <br /> tralame of appruxlntatePy <br /> a0iaca:0uu 5500 BBB. <br /> 25AL-C,000 <br /> :unov.uuoI xrease to fest"",fu <br /> xi <br /> 15!}7r7,0aa tralan.ee of approxhnateF� <br /> anov.uuc ` unasslgnedflrrtidbalance as <br /> Of lune 30.2022.Is 16.05%of <br /> 2020 jOz: a-' GenerallFund exper tvre•5 <br /> ■rinrrspendahle xe-.:ncrC ■fa�:�?c i�+xs�la-.rd ■. , rr.eq <br /> AodrwsVrsvjsson8ArralywsfAE Al <br /> 11 .kale 20`2lr32 <br />