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118 <br /> Management's Discussion and Analysis <br /> The Management's Discussion and Analysis of the financial activities of the County, lifted from <br /> the Annual Comprehensive Financial Report for the County for the fiscal year ended June 30, 2025, is <br /> included in this Appendix. Management's Discussion and Analysis provides an objective and easily <br /> readable short and long-term analysis of the County's financial activities based on currently known facts, <br /> decisions or conditions. Management's Discussion and Analysis is not a required part of the Basic Financial <br /> Statements but is supplementary information required by the Governmental Accounting Standards Board. <br /> The independent auditors of the County have applied certain limited procedures, which consist primarily <br /> of inquiries of management regarding the methods of measurement and presentation of the required <br /> supplementary information. However, they did not audit this information and did not express an opinion <br /> on it. <br /> B-1 <br />