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12 <br />April 26, 1999 <br />Orange County, North Carolina <br />Page 9 <br />Access to Working Papers by Regulators <br />In accordance with the requirements of Government Auditing Standards, we are required to <br />provide access to our working papers and photocopies thereof to a federal agency or the <br />Comptroller General of the United States upon their request for their regulatory oversight <br />purposes. If such a request is made, we will inform you prior to providing such access. The <br />working papers for this engagement are the property of Deloitte dt Touche t,lx and constitute <br />confidential information. Access to the requested working papers will be provided to <br />representatives of the United States General Accounting Office or other appropriate <br />government audit staffs under the supervision of Deloitte &Touche L1.P audit personnel and at <br />a location designated by our Firm. If photocopies are requested, we will mark all information <br />as confidential and maintain control over the duplication of all information. All professional <br />and administrative services relating to such access (including photocopying) will be charged as <br />an additional expense to the engagement. <br />Professional Fees <br />Our fees for these services will be based on the actual time spent at various levels of <br />responsibility, plus travel and other expense (e.g., report production, typing, communication <br />and postage). We estimate that our total fees for this audit will be 560,300 (for the general <br />audit and the single audit), including expenses. This fee is based on anticipated cooperation <br />from your personnel and the assumption that unexpected circumstances will not be <br />encountered during the audit. If sigtificant additional time is necessary, we will discuss it <br />with you and arrive at a new fee estimate before we incur the additional costs. <br />Fees for additional services including implementation of new accounting pronouncements, not <br />outlined above will be mutually agreed upon prior to beginning such work. <br />We appreciate this opportunity to be of service to Orange County, and we believe this letter <br />accurately summarizes the significant terms of our engagement. If you have any questions, <br />please let us kaow. <br />