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2002 S Finance - Cherry, Bekaert & Holland
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2002 S Finance - Cherry, Bekaert & Holland
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Last modified
5/10/2017 4:10:49 PM
Creation date
3/22/2012 12:14:08 PM
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BOCC
Date
5/8/2002
Meeting Type
Regular Meeting
Document Type
Contract
Agenda Item
8c
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Agenda - 05-08-2002 - 8c
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\Board of County Commissioners\BOCC Agendas\2000's\2002\Agenda - 05-08-2002
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rendered. All copies of the report submitted must be bound. The report of audit, as tiled with the Secretary of the Local <br /> Government Commission, becomes a 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 statements are used in the preparation of Official Statements for debt offerings,by municipal bond rating <br /> services,and to fulfill secondary market disclosure requirements of the Securities and Exchange Commission. <br /> 12. Should circumstances disclosed by the audit call for a more detailed investigation by the Auditor than necessary under ordinary <br /> circumstances, the Auditor shall infurnt the Governing Board in writing of the need for such additional investigation and the <br /> additional compensation required therefor. Upon approval by the Secretary of the Local Government Commission, this <br /> agreement n►uy be varied or changed to include the increased time and/or compensation as may be agreed upon by the Governing <br /> Board and the Auditor. <br /> 13. It an approved contract needs to be varied or changed for any reason, the change must be reduced to writing, signed by both <br /> ,)allies, ,)reuudited if necessary, and submitted to the Secretary of the Local Government Corrunission for approval. No change <br /> AIAI be effective unless unproved by the Secretary of the I oval Government Commission the Governing Board,and the Auditor. <br /> 14, Whenever the Auditor uses all engagement letter with the client,Item 15 may be completed by referencing the engagement letter <br /> and attaching a copy of the engagement letter to the contract to incorporate the engagement letter into the contract. In cast;of <br /> conflict between the terms of the cngugenuont letter and the terms of this contract, the terms of this contract will control. <br /> Engagement letter terms are declined to be void unless the coullictnlg terms of this contract are Specifically deleted ill Item 21 of <br /> this contract.Engagement letters containing indemnification clauses will not be approved by the Local Government Commission. <br /> 15. There are no special provisions except: <br /> Engagement Letter <br /> Attachments A & B <br /> 16. A separate contract should not be made for each division to be audited or report to be submitted. A separate contract must be <br /> executed for each component unit which is a local government and for which a separate audit report is issued. <br /> 17. The contract should be executed and submitted jir Ili rlicatc to the Secretary of the Local Government Commission, 325 North <br /> Salisbury Street,Raleigh,North Carolina 27603-1385. <br /> I8. Opun approval, the original contract will be returned to the Governmental Unit,u copy will be forwarded to the Auditor,and a <br /> copy retained by the Secretary of the Local 6overunent Commission. '['lie audit should not be started before the contract <br /> ,aonroved. <br /> 19. 'There are no other agreements between the parties hereto and no other agreements relative hereto that shall be enforceable unless <br /> entered into in accordance with the procedure set out herein and approved by the Secretary of the Local Government <br /> Commission. <br /> 20. It this audit engagement is not subject to Government Auditing Stan s,then Item 5 shall be listed as a deleted provision in <br /> Item 21. An explanation must be given for deleting this provision. <br /> 21. All of the above paragraphs are understood and shall apply to this agreement,except the following numbered paragraphs shall be <br /> deleted:(See Item 14.) <br /> 22. Will the audited financial statements be prepared in accordance with GASH Statement Nu.34?® YESONO <br /> It like audited financial statements are prepared in accordance with GASH Statement Nu.34 the references in Item I to <br /> the combining, individual fund, and account group statements shall clean the basic financial statements,n►auageu►eut's <br /> discussion and analysis, and required supplementary statements as defiled In GASH Statement Nu. 34. Auditing <br /> procedures applicable to uglier supplementary schedules are not changed by the Lnplemeutatiou of GASH Statement <br /> Nu.34. <br /> By k <br /> �Q {(r LD <br /> By Cherry, Bekaert & Holland_ LLP rcasctypeorpr' t tnc and njW <br /> (Please type or print name) ✓ <br /> (Signature of or f governing board) <br /> (Signatu of authorized audit firm representative) <br /> Date J �l <br /> Date <br /> By <br /> (Chairperson of Audit Con iltee(Please type or print name) <br /> Approved by the Secretary of the Local Government <br /> Commission as provided in Article 3,Chapter 159 of the " <br /> General Statutes or At 31,Pan 3,Chapter 1 I SC of the (Signature of Audit Committee Chairperson) <br /> General Statutes. <br /> MANGE HOLLOMAN Date <br /> For the Secreta Loca <br /> , l o nmen <br /> ert Con 'scion (If unit dues not have an audit committee,this section should be <br /> ry � � nurrked"N/A.") <br /> Date 1 IA gn t')2002 This instrument has been preaudited in the manner required by The <br /> Local Government Budget and Fiscal Control Act or by the School <br /> Budget and Fiscal Control Act. <br /> Governmental nit Finance Officer(Please type or print name) <br /> (Signature) <br /> Date <br /> (Preaudit Certificate gUla be dated.) <br />
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