Agenda - 06-27-2002 - 5c - Laserfiche WebLink

Browse Search

lu INDEPENDENT AUDITORS' REPORT Board of County Commissioners Orange County,North Carolina Hillsborough,North Carolina We have audited the accompanying general purpose financial statements of Orange County,North Carolina, as of June 30,2001, and for the year then ended,as listed in the foregoing table ofcontents. These general purpose financial statements are the responsibility of the management of Orange County,North Carolina. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We did not audit the financial statements of the Orange County ABC Board, a discretely presented component unit of Orange County. Those financial statements were audited by other auditors whose reports thereon have been furnished to us, and our opinion, insofar as it relates to the amounts included for the Orange-County ABC Board is based solely on the reports of other auditors. The general purpose financial statements of Orange County, as of June 30, 2000 were audited by other auditors, whose report dated September 22,2000, expressed an unqualified opinion on those statements. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining,on a test basis,evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general purpose financial statement presentation. We believe that our audit and the report of the other auditors provide a reasonable basis for our opinion. In our opinion,based on our audit and the reports of other auditors the general purpose financial statements referred to above present fairly, in all material respects, the financial position of Orange County, North Carolina as of June 30,2001,and the results of its operations and the cash flows of its proprietary fund types and discretely presented component unit for the year then ended in conformity with accounting principles generally accepted in the United States of America. Our audit was performed for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining and individual fund financial statements and schedules listed in the foregoing table of contents, for the year ended June 30, 2001, are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of Orange County, North Carolina Such information has been subjected to the auditing procedures applied in the audit ofthe general purpose financial statements and, in our opinion, is fairly stated in all material respects, in relation to the general purpose financial statements taken as a whole. The combining and individual fund statements and schedules,as listed in foregoing table of contents,for the year ended June 30,2000 were audited by other auditors,whose report dated September 22,2000,expressed an unqualified opinion on those statements and schedules. 3