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c~ <br />Certificate of <br />Achievement <br />for Excellence <br />in Financial. <br />Reporting <br />Presented to <br />Orange Co~.inty, <br />North Carolina <br />For its Comprehensive Annual <br />Financial Report <br />for the Fiscal Year Ended <br />June 30, 2004 <br />A Certificate of Achievement for Excellence in Financial <br />Reporting is presented by the Government Finance Officers <br />Association of the United States and Canada to <br />government units and public employee retirement <br />systems whose comprehensive annual financial <br />reports (CAFRs) achieve the highest <br />standards in government accounting <br />and fmancialreporting <br />~ytGE OFFi~ GG~?'L~ _~ <br />~ YNIR-SiAR$ ~~ ~ <br />w <br />z µ° o <br />`"""°" President <br />B coaao%nox <br />W>~ SrnT. coE <br />lNIC~40 <br />Executive Director <br />