Orange County NC Website
Browse       Search
i <br /> i <br /> Minutes of the open session August 19, 2025 were presented. Ms. Sykes made a motion <br /> to approve the open session minutes as presented; Mr. Zito seconded the motion and the <br /> vote carried. <br /> AUDIT: Audited Financial Statements for Fiscal Year 2025 were presented by Mr. <br /> Barringer and Ms. Hartley. Financial implications due to the application of GASB <br /> (Government Accounting Standards Board) conventions related to lease assets and <br /> liabilities (GASB 87), the Board's portion of state pension assets and liabilities (GASB <br /> 68) and retirees' other post-employment benefits (OPEB) liabilities (GASB 74n5) were <br /> discussed. However, the opinion of the auditors, the financial statements of the Board <br /> "present fairly, in all material respects, the financial position of the Board" as of June 30, <br /> 2025. <br /> Consent Agenda: August 2025 <br /> Financial Reports: <br /> • Comparative Statement of Net Assets <br /> • Comparative Revenue and Expenses for August, 2025 <br /> • Actual-to-Budget Comparison for August, 2025 <br /> • August 2025 and Year-to-Date Retail sales <br /> • Statewide sales report <br /> Discussion was held. Ms. Sykes made a motion to approve the August Consent Agenda; <br /> Mr. Green seconded the motion and the vote carried. <br /> i <br /> I <br /> Management Updates: j <br /> Law Enforcement Reports were presented by Mr. DuBois <br /> Meadowmont Updates- The Meadowmont store lease renews in April 2026 and we are <br /> weighing our options for renewal or relocation. j <br /> BHAWK Distillery Tour- We had two tours of the BHAWK distillery in Southern Pines l <br /> on September 17' and 18t''. I <br /> I <br />