Orange County NC Website
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6 <br /> Slide#5 <br /> y1f <br /> Orange County, North Carnfrfra <br /> Compliance Report and AuditScoges&Procedures <br /> Government Auditing Standards("YeHow[Book") Report <br /> The 9nanclaI report package comalns a report on our tests of the Cauntys Internal controls and compllance <br /> With laws.regulatlons ex. The repo-r[Is not Intended to proYIde ar,Opin,00 Or,internal cwrols nor Is It <br /> Intended to provide a Iegal determinatlon an the Countys compl lance wixh applicdblt laws and regulations. <br /> This report and the procedures performed are required by Govemmera Amfting Smndords_ <br /> Compliance Reports <br /> We were required to perform SingleAudit procedures on six tG)major programs[d Federal and 2 State of <br /> North Carolina program$ <br /> We Issued a report on the Countys federal programs In accordance with the U nlform Guidance.That report <br /> contal ned an unmodlfled opinlon on compliance. <br /> We issued a report on the Countys state programs in accordance with the State of North Carolina Single <br /> Audit Im plememation Act. That report contained an unmodified opinion on compliance. <br /> AuAor's alscusskDn$Anefys�s to K <br /> Jane X 2023 <br /> Slide #6 <br /> Orange Courtly, North CoNffrra <br /> Financial Trends—Cornpositionof Fund Balance <br /> Trends from 20n to 2023, <br /> Fund Balance Categories-Genera I Fund 0 2022 Fund Balance:$32,31M <br /> 50,00,1Ma o 2023 Fund Balance.$80.41M <br /> 45,000,006 <br /> 40,000.000 0 Increase to unassigned fund <br /> balance of approximately <br /> as,00o,000 <br /> $4.4 million—mostly related <br /> 30,000,006 to the decrease in assigned <br /> 25,000,aon lappropriated in subsequent <br /> 20,000,00o period). <br /> 15,000,000 <br /> 10�00�a o Increase to restricted fund <br /> In of approximately <br /> ', $1AM. <br /> 2021 2022 20-23 o Unassigned fund balance as <br /> of June 30,2023,is 27,2%of <br /> ■Nonspendablc ■Restricted ■Committed ■.assigned ■unassigned General Fund-Debt Svc. <br /> Fund expenditures. <br /> Audh'dsr's blacusslnn S AMarys�s(A08A) <br /> JAM&X 2023 <br />