Orange County NC Website
Browse       Search
8 <br /> 1 Slide#9 <br /> Orange County, ryarlh corarrna <br /> Financial Trends-Proprietary Funds <br /> Solid Waste Enterprise Fund <br /> Chance <br /> Operating reyenues 3 11,001,798 S 11,337,941 S (336,143) <br /> Operating expenses 9,430,416 10,019,577 (569,161) <br /> Operating income 1.571.382 1,318,324 253,458 <br /> Unrestricted net position 9.696,271 7,645,336 2,05,935 <br /> Oparating cash lav 1,277.803 4,209.250 (2,991,447) <br /> Overall cash low (502.535) 2,169,292 (2,671,828) <br /> 5powPlex Fnterpri-e Fund <br /> 2423 2422 Chance <br /> Operating revenues S 4,769,351 5 3,a35,429 S 933.922 <br /> Operating expenses 4117.559 3,x97,155 224,444 <br /> Operating income 651,782 (61.728) 713,518 <br /> Unrestricted net pwition 617,738 344.385 303251 <br /> Operating cash low 1.116„325 977:972 138,354 <br /> Interfund transfers - 794,044 (790.000) <br /> Overall cash raw 374.184 1,160,769 (7a5,578) <br /> AueYitot's Dwusslorr 8 Analysts(ADM <br /> 2 ,lune 30,2623 <br /> 3 Slide #10 <br /> Orange County, North Carohna <br /> R�.�dlS��_�4�'Llullications <br /> Significant Accounting Policies <br /> Management is responsible for the selection and use of appropriate aocounti ng policies. <br /> The significant accounting poiroks used by the County are described in Note 1 to the basic flnan<ial scaterrrents. <br /> During the current year,the County implemented Governmental Accounting Standards Board GASB)Statement <br /> No.4fa SubscFiption-89sed infamaadan Tech glogyArrargemems. <br /> The pall<les used by the County are In a<cordance wlth generally accepted a<counn ng principles. <br /> In considering the qualitative aspects of Its pal Icles.the County Is not Involved In any controversial of emerging <br /> Issues for whlch guldance is not available. <br /> Managementgudgment/Accounting Estimates <br /> Accounting es[lmates are an Integral part©fihe flnandal statements prepared by management and are based on <br /> management's knowle0ge and experlen<e abowt past and current evenrs and assumptions abowt future events. <br /> The County uses various estimates as part of its financial reporting process-including actuarial assumptions. <br /> Auditor's awus.Von 8 Asalysos tAa7&l1 <br /> Jerrie 30.2M <br /> 4 <br /> 5 <br />