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<br />Cherry, Bekaert & Holland, L.L.P.
<br />The Firm of Choice.
<br />March 13, 2009
<br />Mr. Gary Humphreys, Financial Services Director
<br />Orange County, North Carolina
<br />208 South Cameron Street
<br />Hillsborough, North Carolina 27278
<br />Dear Mr. Humphrey:
<br />www.cbh.com
<br />2626 Glenvrood Avenue -Suite 300
<br />Raleigh, North Carolina 27608
<br />phone 919.782.1040
<br />fax 919.783.0976
<br />This letter of arrangement between Orange County, North Carolina (the "County') and Cheny, Bekaert &
<br />Holland, L.L.P. sets forth the nature and scope of the services we will provide, the Countys required
<br />involvement and assistance in support of our services, the related fee arrangements and other terms and
<br />conditions designed to assure that our professional services are performed to achieve the mutually agreed
<br />upon objectives of the County.
<br />SUMMARY OF SERVICES
<br />We will prepare the Schedule of Expenditures of Federal and State Awards (the "schedule") ofthe Countyas
<br />of and for the year ended June 30, 2009. However, management is responsible for the schedule. In your
<br />representations to us, you will be asked to acknowledge our role in this regard, and your review, approval,
<br />and responsibility for the schedule. Further,. you are responsible for designating a qualified management-
<br />level individual to be responsible and accountable for overseeing these services.
<br />Any additional services that you may request, and that we agree to provide, will be subject of separate
<br />written arrangements.
<br />Eddie Burke, who will be responsible for assuring the overall quality, value, and timeliness of our services to
<br />you, will lead the engagement.
<br />TERMS AND CONDITIONS SUPPORTING FEE
<br />As a result of our planning process, the County and Cheny, Bekaert & Holland, L.L.P. have agreed to a fee,
<br />subject to the following conditions.
<br />To facilitate meeting our mutual objectives, the County will provide in a timely manner audit schedules and
<br />supporting information, including timely communication of all significant accounting and financial reporting
<br />matters, as well as clerical assistance as mutually agreed upon and as is normal and reasonable in the
<br />circumstances. When and if for any reason the County is unable to provide such schedules, information and
<br />assistance, Cherry, Bekaert & Holland, L.L.P. and the County will mutually revise the fee to reflect additional
<br />services, if any, required of us to achieve these objectives.
<br />In providing our services, we will consult with the County with respect to matters of accounting, financial
<br />reporting, or other significant business issues. Accordingly, time .necessary to affect a reasonable amount of
<br />such consultation is reflected in our fee. However, should a matter require research, consultation, or work
<br />beyond that amount, Cherry, Bekaert & Holland, L.L.P. and the Countywill agree to an appropriate revision
<br />in services and fee.
<br />.~ .. ~.,.... , ~.A..,.~
<br />BAKER TILLY
<br />INTE0.NATtONAL
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