Agenda - 06-22-1998 - 8l - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 22, 1998 Action Agenda Item No. R-1 SUBJECT: Audit Contract for the June 30, 1998 Fiscal Year DEPARTMENT: Finance PUBLIC HEARING: (Y/N) BUDGET AMENDMENT: (Y/1) ATTACHMENT(S): Contract Engagement Letter INFORMATION CONTACT: Ken Chavious Ext. 2453 TELEPHONE NUMBERS: Hillsborough 732 -8181 Chapel Hill 968 -4501 Durham 688 -7331 Mebane 227 -2031 PURPOSE: To consider awarding a contract to Deloitte and Touche, LLP, for the provision of audit services for the fiscal year ending June 30, 1998. BACKGROUND: Last spring County staff pursued a request for proposal process for audit services. Upon completion of the RFP process, staff recommended and the Board approved the proposal submitted by Deloitte and Touche, LLP. Deloitte and Touche performed the audit for the fiscal year ended June 30, 1997 and staff is very pleased with the services provided. The RFP stated that the County would contract with the successful firm for a period of three years. The 1998 audit will mark the second year of the three -year term with Deloitte and Touche. The proposed cost of the 1998 audit is $56,300. This is the same amount paid last fiscal year. The proposal accepted by the Board last year contained incremental annual increases, however, the planned increase has been waived by Deloitte and Touche for the 1998 audit. This waiver results from negotiations between the staff the firm related to computer software proposed by the firm but not needed by the County. Approximately one half of the audit costs can be attributed to the "Single Audit" of grant funds. Audit costs associated with the "Single Audit" are partially recouperated through indirect and direct charges to Social Service and Child Support Enforcement grant programs. RECOMMENDATION(S): The Manager recommends that the Board approve audit contract for the fiscal year ending June 30, 1998 with Deloitte & Touche, LLP, in an amount not to exceed $56,300; and authorize the Chair to sign on behalf of the Board.