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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: December 7, 2009 <br />Action Agenda <br />Item No. ~- " <br />SUBJECT: Amendment of Audit Contract <br />DEPARTMENT: Finance PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Contract <br />INFORMATION CONTACT: <br />Gary Humphreys 245-2453 <br />PURPOSE: To amend the contract with McGladrey and Pullen extending the date for <br />completion of the County audit till December 31, 2009. <br />BACKGROUND: The Local Government Commission requires the County's audit contract be <br />amended if the audit of the financial statements is not completed in time for the statements to be <br />submitted to the State by the last day of November. <br />The primary reason for the audit being extended is that additional programs met the threshold <br />for being considered a major program. This was not revealed until late in the process as part of <br />the review of the Schedule of State and Federal Expenditures. The financial statements <br />including the single audit will not be completed and reviewed until sometime in December. Staff <br />and McGladrey and Pullen recommend extending the contract until December 31, 2009. <br />FINANCIAL IMPACT: There is no financial impact to the extension of the contract. <br />RECOMMENDATION(S): The Manager recommends the Board approve the amendment of the <br />audit contract for FY 2008-09 with McGladrey and Pullen extending the date for completion of <br />the County audit and authorizing the Chair to sign on behalf of the Board subject to final review <br />by staff and the County Attorney. <br />