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April 26, 1999 <br /> Orange County,North Carolina <br /> Page 9 <br /> Access to Working Papers by Regulators <br /> In accordance with the requirements of Government Auditing Standards,we are required to <br /> provide access to our working papers and photocopies thereof to a federal agency or the <br /> Comptroller General of the United States upon their request for their regulatory oversight <br /> purposes. If such a request is made,we will inform you prior to providing such access. The <br /> working papers for this engagement are the property of Deloitte&Touche LLP and constitute <br /> confidential information. Access to the requested working papers will be provided to <br /> representatives of the United States General Accounting Office or other appropriate <br /> government audit staffs under the supervision of Deloitte&Touche LLP audit personnel and at <br /> a location designated by our Firm. If photocopies are requested,we will mark all information <br /> as confidential and maintain control over the duplication of all information. All professional <br /> and administrative services relating to such access (including photocopying)will be charged as <br /> an additional expense to the engagement. <br /> Professional Fees <br /> Our fees for these services will be based on the actual time spent at various levels of <br /> responsibility,plus travel and other expense(e.g., report production,typing, communication <br /> and postage). We estimate that our total fees for this audit will be$60,300 (for the general <br /> audit and the single audit), including expenses. This fee is based on anticipated cooperation <br /> from your personnel and the assumption that unexpected circumstances will not be <br /> encountered during the audit. If significant additional time is necessary,we will discuss it <br /> with you and arrive at a new fee estimate before we incur the additional costs. <br /> Fees for additional services including implementation of new accounting pronouncements,not <br /> outlined above will be mutually agreed upon prior to beginning such work. <br /> We appreciate this opportunity to be of service to Orange County, and we believe this letter <br /> accurately summarizes the significant terms of our engagement. If you have any questions, <br /> please let us know. <br />