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8 <br /> Slide#9 <br /> YTj_ <br /> Orange[aunty, NartH CnroUM <br /> Financial Trends-Proprietary-Funds <br /> Solid Waste Enterprise Fund <br /> Change <br /> Operating reAmues $ 11,001,798 S 11,337,901 $ (336,103) <br /> Operating expenses 9.430,416 10,019,577 (589,161) <br /> Operating income 1.571.382 1.318.324 253,058 <br /> Unrestdcted net position 9,696,271 7,645,33E 2,050,935 <br /> Operating cash low 1.277.803 4,206,250 (2,931,447) <br /> Overall cash low �W2.538) 2,166.292 (2,871.929) <br /> $"nsMex Enterprise Fund <br /> 2023 2022 Change <br /> Operating revenue% S. 4.769,551 S 3,835,429 3 933,922 <br /> Operating expenses 4.117,559 3,897,155 220,404 <br /> Operating income 651,792 (61,7213) 713,518 <br /> Unresldcled net pwillon 647,735 344.385 3WI351 <br /> Operaling cash low 1.116.328 977,972 138.354 <br /> Inlerfund lransfers - 790,000 VW.000) <br /> Overall Cash Irnv 374,180 1,160,7e8 (788,579) <br /> Au Uw's dHscuS6m&An06s(AD$A) Going Further. <br /> June 3a 2023 <br /> Slide #10 <br /> Orange County, Nornh Carolina <br /> Required Communications <br /> Significant Accounting Policies <br /> Management is responsible for the selection and use efappropriate accounting policies. <br /> The significant accoundng pollcles used by the County are descrlbed In Note 1 to the baslc Ilnarxlal statements. <br /> Dud rig the current year,the County implemented Governmentail Aocourting5tandards Boa rd�G B)Statement <br /> Na-9b.S%rhsc pLran-Based i4 rmatrwr TrKJw"gyArrovemeras- <br /> The pollcles used by the County are In accordance&Ith generally accepted accoundng principles. <br /> In corksldering the quslltative aspects of Its polldes,the County Is rwt Involved In arvy conuaverslal or emerging <br /> Issues for which guldance Is not avallable. <br /> • Management judgmentlAtcounting Estimates <br /> Accounring estimates are an nxegrai part otxne rinanoai statements prepared ay management and are cased on <br /> managements knowlegge and expenence abo-ut past and current events and assumptions about Future events. <br /> The County uses various estimates as part of its financial reporting process-including actuarial assumptions. <br /> Aunfao,r's Nwuss�m&Analysts(AD&A) <br /> June 30.2023 <br />