The Board
of Supervisors has the primary responsibility for
ensuring the financial integrity of the County of Orange.
A network of elected and appointed county officials and
committees provide for a sound environment of fiscal control.
The Board, through the CEO’s
Finance and Budget Section is responsible for approving
and managing the county budget and approving all county
financings. The Public
Finance Advisory Committee prior to review by the
Board approves all county financing. In addition,
CEO Finance and Budget oversees the long range strategic
financial planning, and corporate business planning, The
Board has delegated the day-to-day operation of the county
investment pool to the elected County
Treasurer. Control over investments is further exercised
through the Treasury
Oversight Committee. The Treasurer has the additional
responsibility for the receipt, custody, depository, and
recording of funds for the County, school districts, and
special districts.
Controllership responsibilities, including maintaining
the county’s financial systems and preparing the
county’s financial statements have been delegated
by the Board to the county’s elected Auditor-Controller.
The Auditor-Controller also has statutory responsibilities
for settling county claims (i.e., paying the county’s
bills and paying the county’s employees), exercising
budgetary controls, and auditing the treasury four times
per year.
The Internal Audit
Department reports directly to the Board and assists the
County in safeguarding its resources by promoting an economical,
efficient, and effective business and customer service
environment based on sound and practical internal controls.
The Audit
Oversight Committee oversees the activities of the
Internal Audit Department and the quality of financial
reporting activities that portray the county’s financial
condition, results of operations, and plans and long-term
commitments.
Notice: The
following pages present selected financial
and other information concerning the
County of Orange. The information does
not represent, nor is it intended to
represent, complete financial data or
all of the information a visitor or
investor may desire. All information
presented herein is dated as of its
date and the County of Orange makes
no representation that such information
is current or complete.
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