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• t• MjPS cpas + advisors INDEPENDENT AUDITOR'S REPORT Board of Directors Orange County Alcoholic Beverage Control Board Hillsborough,North Carolina Opinion We have audited the accompanying financial statements of Orange County Alcoholic Beverage Control Board ("the ABC Board"),a component unit of the Orange County Government,which comprise the statements of net position, as of June 30, 2023 and 2022, and the related statements of revenue, expenses, and changes in net position and cash flows for the years then ended,and the related notes to the financial statements. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the ABC Board, as of June 30, 2023 and 2022, and the respective changes in financial position, and where applicable, cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report, We are required to be independent of the ABC Board, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Responsibilities ofManagem entfor the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements, in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement,whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the ABC Board's ability to continue as a going concern for twelve(12) months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter, 4- DMJPS PLLC 1 888.873.2545 1 dmjps.com I be greater Member of CPAmerica,inc.