Browse
Search
Agenda - 04-15-2025; 8-a - Minutes
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2020's
>
2025
>
Agenda - 04-15-2025 Business Meeting
>
Agenda - 04-15-2025; 8-a - Minutes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/10/2025 3:36:44 PM
Creation date
4/10/2025 3:12:15 PM
Metadata
Fields
Template:
BOCC
Date
4/15/2025
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-a
Document Relationships
Agenda for April 15, 2025 BOCC Meeting
(Message)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 04-15-2025 Business Meeting
Minutes 04-15-2025-Business Meeting
(Message)
Path:
\Board of County Commissioners\Minutes - Approved\2020's\2025
ORD-2025-010-Fiscal Year 2024-25 Budget Amendment #8
(Message)
Path:
\Board of County Commissioners\Ordinances\Ordinance 2020-2029\2025
ORD-2025-011-Approval of a Contract with Gilbane for Construction Manager-At-Risk Services for the Crisis Diversion Facility and Approval of Budget Amendment #8-A
(Message)
Path:
\Board of County Commissioners\Ordinances\Ordinance 2020-2029\2025
OTHER-2025-024-Purchase of Property for the Crisis Diversion Facility
(Message)
Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2025
OTHER-2025-025-CMAR Contact
(Message)
Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2025
OTHER-2025-026-Application for North Carolina Education Lottery Proceeds for Orange County Schools (OCS) to Drawdown Funds from the North Carolina Department of Public Instruction
(Message)
Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2025
OTHER-2025-028-Schools Adequate Public Facilities Ordinance (SAPFO) – Receipt and Transmittal Schools (OCS) to Drawdown Funds from the North Carolina Department of Public Instruction
(Message)
Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2025
PRO-2025-013-Public Safety Telecommunicators Week Proclamation
(Message)
Path:
\Board of County Commissioners\Proclamations\2020-2029\2025
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
76
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
10 <br /> 1 Slide #13 <br /> T <br /> Orange County,North Carolina <br /> Required Communications{Continued] <br /> Audit Adjustments <br /> Several adj ustments were required during the conduct of the audit;these adjustments have been provided to <br /> management and they have provided us with representations that the adjustments have been posted to the <br /> Cou nVs general ledger. <br /> We did not have any passed audit adjustments. <br /> Financial Statement Disclosures <br /> The footnote disclosures to the financial statements are also an integral part of the financial statements and the <br /> process used by management to accumulate the information Included In the disclosures was the same process <br /> used in accumulating the statements. The overall neutrality, consistency,and clarity of the disclosures was <br /> considered as part of our audit. <br /> • Information in Documents Containing Audited Financial Statements <br /> Our responsibility for other information in documents containing the County's basic financial statements and our <br /> report thereon does not extend beyond the information identified in our report.If you intend to publish or <br /> otherwise reproduce the financkal statements and make reference to our firm,we must be provided with printers' <br /> proof for our review and appproval before printing. You must also provide us with a copy of the final reproduced <br /> material for our approval before is is distributed- <br /> Auditor independence <br /> In accordance with AtCPA professional s[andards.M&J is independent with regard to the County,its component <br /> unit,and its respective financial reporting processes. <br /> AuoGtor's Oiseussron&Analysis(AD&A) <br /> 2 June 30,2024 <br /> 3 <br /> 4 Slide #14 <br /> >4f <br /> Orange County,North Carolina <br /> Audit Findings <br /> • 2024-001 Accounting for Cash Transactions and Reconciliation of Bank Accounts <br /> Using the County's Enterprise Resource Planning(ERP)System <br /> Issue: We noted the County's main operating bank account was not reconciled properly in a timely manner. <br /> Internaf controls were not sufficient to detect material misstatements in the reporting of cash balances. <br /> CausefContext The issues noted appear to result from system generated entries that were created in error during <br /> a period of turnover in key positions at the beginning of the fiscal year under audit,internal controls were not <br /> sufficlentto identify and correct these errors in a timely manner. <br /> County Response: Finance met with the Enterprise Resource Planning software technical team and remedlated the <br /> issue du ring the a udit engagement. Finance has updated our Accounting Policies and Procedure Manual to include <br /> additional monthly processes to ensure that financial statements are properly presented in accordance with <br /> generally accepted accounting principles.The new Accounting Manager has reviewed these processes with his new <br /> Accountants. <br /> Aadifws Viscussron&Analysis{AD&A] <br /> June 30.2024 <br /> 5 <br /> 6 Commissioner Portie-Ascott asked what was happening with the reconciliation issue. <br /> 7 LeAnn Bagasala said there was a system issue resulting in one-sided entries and county <br /> 8 staff was unable to tell that the entries were not being recorded. She said this issue has been <br /> 9 corrected and steps have been taken to ensure it does not happen again in the future. <br />
The URL can be used to link to this page
Your browser does not support the video tag.