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6 <br /> 1 Slide#5 <br /> Orange County, North Carciir ra <br /> Compliance Report and Audit Scopes&Procedures <br /> Government Auditing Standards("Yellow eoole'p Report <br /> The Flnarrcial report package contains a report on our tests of the County's Internal controls and compllance <br /> with lanes.regulations etc. The report Is not Intended to provide an opinion on Internal controls nor Is It <br /> Intended to provide a legal determinatlon on,the Countys compllarKe with applicable laws and reguladons. <br /> This report and the procedures perforated are required by Gavemmem Audrring 5Mndards. <br /> Compliance Reports <br /> We were required to perform Single Audit procedures on six lea major programs(d Federal and 2 State of <br /> North Carolina programs). <br /> We Issued a report on the County's federal programs in accordance with the uniform Guidance. That report <br /> contained an unmodlfled-opinion on compliance. <br /> We issued.3 report on the Cauntys state programs in accordance with the State of North Carolina Single <br /> Audit Implementation Act. That report contained an unmodifnedapinionon compliance. <br /> A.uotr'tm's Nwusskw A A iafysls M&A) <br /> 2 Jane 30,20323 <br /> 3 <br /> 4 Slide #6 <br /> Orange Ct}unty, North Carolina <br /> Financial Trends—Composition of Fund g,311ar p <br /> Trends from 2022 to 2023 <br /> Fund Balance Categories-Genera I Fund n 2022 Fund Balance:$31,3M <br /> 50,000,006 ❑ 2023 Fund Balance.$AO,dM <br /> 45,000,006 n Increase to unassigned furW <br /> 40'0D0'000 balance of appraximateN <br /> 35,000,00D $4.4 million.—mostly related <br /> 30,00010rJ0 to the decrease in assigned <br /> 25,060,036 )appropriated in subsetiuent <br /> 20,000,0516 period]. <br /> 15,000,COD a Increase to restricted fund <br /> 10'0120'00d ba lance of appr4xlrnatefy <br /> 5,00S1.000 $1.6fu1. <br /> 2021 3022 2023 0 Unass�ilrred fund balance as <br /> Of June 30,2023r is 17.2%of <br /> ■rvoopendablr wRewieted ■CcMmitted ■ASsigyned ■UnassiRriud General Fund.pebtSvc. <br /> Fund expenditures. <br /> AudG'W-s Dfsrwsslon 8 Analysds(ADS <br /> 5 June 30,2023 <br /> 6 <br /> 7 <br />