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Slide#4 <br /> AT <br /> 1 Orange County,North Carolina <br /> Audit Opinion <br /> Our Responsibility Under Auditing Standards Generally Accepted in the United States of <br /> America(GAAS) <br /> We considered the internal control structure for the purpose of expressing our opinion on Orange County,North Carolina's <br /> (the"County"y basic financial statements,not for the purpose of providing an opinion on the effectiveness of internal controls. <br /> Our audit was performed in accordance with GAAS and Government Auditing Standards. <br /> Our objective is to provide reasonable—not absolute—assurance that the basic financial statements are free of material <br /> misstatement. <br /> The bask:financial statements are the responsibility of the County's management. <br /> . We did not audit the financial statements of the Orange County ABC Board. The financial statements of the ABC Board were <br /> audited by other auditors whose report was furnished to us,along with certain other required communications. Our opinion <br /> on the Countys financial statements is based solely on the report of the other auditors who performed the audit of the ABC <br /> Board.The financial statements of the ABC Board were not audited in accordance with Government Auditing Standards. <br /> • Report on Basic Financial Statements <br /> :. Unmodified("clean')opinion on basic financial statements. <br /> :. Presented fairly in accordance with accounting principles generally accepted in the United States of America. <br /> .; Our responsibility does not extend beyond financial information contained in our report. <br /> Auditor's Discussion&Analysis(AD&A) <br /> June 30,2025 <br /> Slide #5 <br /> NAT <br /> 1 Orange County,North Carolina <br /> Compliance Reports <br /> • Government Auditing Standards("Yellow Book")Report <br /> The financial report package contains a report on our tests of the County's internal controls and compliance <br /> with laws,regulations,etc. The report is not intended to provide an opinion on internal controls nor is it <br /> intended to provide a legal determination on the County's compliance with applicable laws and regulations. <br /> This report and the procedures performed are required by Government Auditing Standards. <br /> • Compliance Reports <br /> We were required to perform Single Audit procedures on seven(7)major programs(4 Federal and 3 State of <br /> North Carolina programs). <br /> We issued a report on the County's federal programs in accordance with the Uniform Guidance. That report <br /> contained an unmodified opinion on compliance. <br /> We issued a report on the County's state programs in accordance with the State of North Carolina Single <br /> Audit Implementation Act. That report contained an unmodified opinion on compliance. <br /> Auditor's Discussion&Analysis(AD&A) <br /> June 30,2025 <br />