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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 1, 1999 <br />Action Agenda <br />Item No. ~W~ <br />SUBJECT: Audit Contract for the June 30, 1999 Fiscal Year <br />DEPARTMENT: Finance PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): INFORMATION CONTACT: <br />Contract and Engagement Letter Ken Chavious, ext 2453 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To consider awarding a contract to Deloitte and Touche, LLP, for the provision of <br />audit services for the fiscal year ending June 30, 1999. <br />BACKGROUND: During the spring of 1997, County staff pursued a request for proposal (RFP) <br />process for financial audit services. Staff recommended, and the Board approved, the proposal <br />submitted by Deloitte and Touche, LLP. Subsequent to the Board's approval, Deloitte and <br />Touche performed the audits for 1997 and 1998 and staff is very pleased with the services <br />provided. The RFP stated that the County would contract with the successful firm for a period <br />of at least three years. The 1999 audit will mark the third year of this commitment. <br />FINANCIAL IMPACT: The proposal accepted by the Board in 1997 contained incremental <br />increases in audit fees. The fee for the 1999 audit, $60,300, is the same fee as quoted for the <br />third year in the RFP. Approximately one half of the audit costs can be attributed to the "Single <br />Audit" of grant funds. Audit Costs associated with the "Single Audit" are partially recouped <br />through indirect and direct charges to Social Service and Child Support Enforcement grant <br />programs. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the contract with <br />Deloitte &Touche for FY 1998-99 audit services, and authorize the Chair to sign it. <br />