The Auditor-Controller's Office publishes
annual financial reports which provide an overview of
the County's financial position, activities and condition.
These publications are described below along with links
to the reports:
Comprehensive Annual Financial Report
(CAFR)
The Comprehensive Annual Financial Report
(CAFR) provides detailed financial information regarding
the County's financial position and activities and adheres
to the reporting requirements for state and local governments.
The main components of the CAFR include the Letter of
Transmittal, Management's Discussion and Analysis, the
Basic Financial Statements and Supplemental Information.
The nine most recent CAFRs are presented here:
Orange County Citizens' Report - Popular Annual Financial Report
(PAFR)
The Popular Annual Financial Report
(PAFR) presents financial highlights for the County of
Orange and is intended for the general or casual reader
of the County's financial statements. The information
contained in this report is limited to the summary-level
information from the County's CAFR. This is the fifth
year for publication of the PAFR:
The County is also financially accountable
for the reporting of component units which are legally
separate organizations that the County must include as
part of the primary government; component units, are in
substance, part of the County's operations and therefore,
data from these component units are combined with data
of the primary government.
These following component units, in addition to reporting
their financial data in the CAFR, are required to prepare
their own individual financial statements to comply with
bond covenants and/or state and federal legislation. These
stand-alone financial statements are prepared at a more
detailed level than what is reported in the CAFR:
The County of Orange is required to prepare an annual Single Audit
Report to comply with the “Single Audit Act Amendments of 1996” and the Office of Management
and Budget Circular A-133, “Audits of States, Local Governments, and Non-Profit Organizations.” The Single Audit Report is a program-by-program report showing the County’s expenditures of
Federal awards. The report contains the Schedule of Expenditures of Federal Awards,
the Supplementary Schedule of Categorical Expenditure Distribution for the Corrections
Standards Authority and Office of Emergency Services Grant Programs, and the Notes to the
Schedule of Expenditure of Federal Awards. The Fiscal Year 2005-06 Single Audit Report is
presented here:
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