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Introduction:California is the most populous state in the United States and its third largest . It came into existence on September 9, 1850, with twenty-seven counties . Over a period of time, the number of counties increased to fifty-eight.
Orange County (OC), the second most populous county in California, was created from southern Los Angeles County in 1889. It is surrounded by the Pacific Ocean in the southwest, Los Angeles County in the north, San Bernardino County and Riverside County in the northeast, and San Diego County in the southeast. It has famous tourist destinations like Disneyland, Knott's Berry Farm, and several beaches. In 1994, it was the fourth richest county in US with a budget of around US$ 3.7 billion in fiscal year 1994-95. It had around 18,000 employees working for it at that time. Orange County had higher credit ratings than any other county government in California. The Treasurer’s Office of OC is responsible for the receipt, custody, depository, investment, and recording of funds for the County, school districts, and special districts....
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