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This letter of transmittal complements MD&A and should be read in conjunction with it.This report presents the MD&A immediately following the report of the independent auditors. Pr o file o f C ab ar r u s C o u n ty Commissioners-County Manager form of Commissioners has policy-making and legislative committees,and hiring the county manager,clerk two years citizens elect commissioners on a The County has operated under the Board of government since 1976.The five-member Board of authority including adopting ordinances,appointing to the board,tax administrator and county attorney.Every partisan basis to serve four-year terms. The County,incorporated in 1792,is in the Piedmont section of the State of North Carolina and bordered on the north by Rowan and Iredell counties,on the east by Stanly County,on the south by Union County and on the west by Mecklenburg County;it comprises approximately 230,400 acres.There are six municipalities in the County,the largest of which is the City of Concord,the County seat. Concord is approximately 124 miles from the City of Raleigh,North Carolina and 18 miles northeast of the City of Charlotte,North Carolina.The second largest municipality is the City of Kannapolis.The Towns of Mount Pleasant,Harrisburg,Midland,and Locust are smaller municipalities in the County.The North Carolina state Demographer estimates the County had a use"ii±rg population of 221,479 as of July 2020.The County is empowered to levy a property tax on both real a=At,yuF g"}and personal property located within its oundares.g4r \;y; @;)IL...='</)i\ ,r•".,.t ·-,4· } / The County Manager serves as the chief executive and is responsible for carrying out the policies and legislative priorities of the governing board,overseeing day-to-day operations and appointing the heads of the various departments. Lo cal Eco n o my The County is one of 10 counties located in the Charlotte-Concord-Gastonia,NCSC Metropolitan Statistical Area (the Charlotte MSA").According to the U.S. Census Bureau,as of July 1,2019,the Charlotte MSA was the 22nd largest MSA in the United States with nearly 2.7 million residents.The following table lists the five largest non-public sector employers in the county as of June 30,2021: Atrium Health 4,264 Amazon 2,500 Walmart 1,200 Shoe Show FedEx Ground and FedEx Smartpost 1,000 807 The County's rapid growth,largely attributable to the County's position in the Charlotte M SA ,has continued over the past year.One of the largest industrial/manufacturing parcels in the state of North Carolina,The Grounds at Concord at more than 2,100 acres,saw two major project announcements in recent years.In September 2019,Carvana,a leading e-commerce platform for buying and selling used cars,committed to creating 304 jobs to operate a vehicle inspection and reconditioning facility with a capital investment of more than $30 million. In April 2020,Golden Home International,one of the world's 2