Orange County NC Website
Browse       Search
s <br /> rendered. All copies of the report submitted must be hour) The report of audit,us filed with the Secretary of the Local <br /> Govermncnt Commission,becoules u matter of public record for inspection and review in the offices of the Secretary by any <br /> interested parties.Any subsequent revisions to these reports must be sent to the Secretary of the Local Government Commission. <br /> These audited financial ubsenlan t are used in the preparation of Official Statements for debt offerings,by municipal bond rating <br /> set vices,and w fulfill secondary market disclosure requirements of the Securities said Exchange Commission <br /> I?. Should circumstances disclosed by the audit cull for a more detailed investigation by the Auditor it necessary under ordinary L circumstances,tie Auditor shall inform the(inventing Board in writing of the need for such additional investigation all the <br /> additional compensation required therefor. Upon approval by the Secretary of the Local Govermllent Commission, this <br /> > agrcwhtent may Iu varied or clanged to include the increased time and/or compensation as may be agreed upon by tie Governing <br /> Huard and the Auditor. <br /> �rt . 13. 11'an approved contract needs to be varied or changed lot any reason,the change must be reduced to writing,signed by both <br /> pmties,prcuudited if necessary,and submitted to the Secretary of the Local Government Commission for approval.No change <br /> ,hint h (f t unless ru <br /> mnv'1 by the Secretin of tile e ocal Govemnlcut Comu rd and Lhe Auditor <br /> 14. Whenever the Audits!uses all engagement letter with the client,Item 1 S may be completed by refereeing the engagellunf letter <br /> 4r` and auuching u copy of ibe cngugwncnt letter to do contract W incorporate the engagcltant letter into the contract.In case of <br /> t conflict W.ween die terms of the cogagelllent letter and the terms of alts collQtlt ,the terms of this contra will control. <br /> EllgagC111C111 letter 1Cfllts LLfe deC111Cd W be <br /> VUId unless tIC a:011tleflllg terms of this WmttaCl an specifically deleted In Item 21 of <br /> Illla contract.EngtlgC111Cm1 IC1tCfY containing InJC11m1licatlon claaYCY WIII 1101 I7C approved by the LOCrI GOVCmrllCllt CWn1111Wi1011. <br /> 13. There are IIQYpCclal provisions except:x Engagement Letter <br /> Attachments A it B <br /> 16. A separate contract a o be made f'or each division to be audited or repon W be submitted.A separate contract must be <br /> executed for cacti culupollent ton,wllich is a local guverlllocut and lot which r selutrafC tludlt rCpUn IY IYRUL'd. <br /> ' C <br /> ` <br /> 611 17. The contract should be executed and submitted in trjplicutc to the Secretary ol'the Luca)(iovcrnna nt Commission.325 North <br /> y Salisbury Street,Krleigh,North Carolina 27603-1385. <br /> 4 18. Ulan approval,the original contract will be returned to the(iovemmental Unit,a copy will be forwarded to the Auditor,and a <br /> iA l'Ul>y rCW111Cd by ale Secretary Uf tie Local Government Coll Commission. <br /> . fill' tilt 51t)111d IIOI be YltlrtCd bL'lllre the eO1llrYel IY <br /> annroved. <br /> r� <br /> 19. There are no Other agreements between the parties herein and to other agreements relative herein that shall be CntorcCable unless <br /> entered into in accordance with the procedure set out herein d approved by the Secretary of the Loi:aa l Government Ri, ai"S <br /> t Commission. <br /> r <br /> 211. If this nudit engugemem is not subject w Go°° m Auditing eta Jards,then Item 5 shall be listed as a deleted provision in <br /> .` Item 21. An explanation must be given for deleting this provision. <br /> s <br /> 21. All of the above paragraphs are understood and shall apply to this agreement,except the following numbered parllgraphs shall be <br /> Deleted:(See Item 14.) <br /> �? <br /> Sr 22 Will the audited financial statements be prepared lit accordance with GASS St <br /> aleWemt Nu.34?La YES NO <br /> If the audited financial statements are prepared in accordance with GASH Statement Nu.34 the references in Item 1 to <br /> the combining,Individual fund,and account group stsicmeuts shag Weru the basic financial statements,Wrurgament's <br /> 3 discussion and analysis, and required supplementary statements as defined in GASS Statsoumt Nu. 34. Audltng <br /> prwedurea applies <br /> bit to other supplementary scliedul"are not changed by the implementation of GASH State Went <br /> Nu.34. <br /> By_ <br /> B Cherry Belcaert & HOl land- LLP ( l:aYC type ar pr It lnc and ltlsd <br /> (Please type of print name) <br /> (Signature of or f governing board) <br /> ri (Signal of authorized audit titer re <br /> prcsemaive) <br /> Date u T— <br /> �y Date 3 -r_S• Z <br /> ' By -I nu1ce <br /> (Chairperson of Audit C (Pkase type or print ague) <br /> Approved by the Secretary of the <br /> Local Government <br /> 13 '- Cwanissiwl as provided in Article 3,Chapter 159 of da: <br /> ';{rrf (icnual SuuWCs w Article 31,Pan 3,C'haptcr I ISC of", (Signature of Audit Committee Chairperson) <br /> General Statutes. <br /> ? AN HOLLOMAN Date <br /> Fur the Secrcta ,Local o ernment Cot <br /> ssion <br /> (if unit flocs not have an audit conmitke,this atatiul should be <br /> +Q M� njM nialkad'wA.') <br /> �M� <br /> r r Date_ This instrument bas been presudited in the smaller required by The <br /> u Local Govermtieat Budget and Fiscal(control Act W by the <br /> School <br /> r a <br /> Budget ad Fiscal Control Act. <br /> l� l5< /. Lf�N✓i.�t.S <br /> t (iovemmaiW nit Finance O (Please type or print game) <br /> Duo <br /> (Preaudit Cartificale Slo In doted.) <br /> Y <br />