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<br />lL The And[tor shall IIle with flu Local Gwer~eat Commission two copies of Ute repari of audit, iacludiog one copy of the
<br />federal Data Collection Form, if a Cedernt single audit is wnducted in addition, if the North Carolina Office of the State Andikr
<br />dosignnke attain programs to be audited as raajorprogratav, a one page tumamtmd doatarem and a ropreseatation lean addrossed
<br />to the State Auditor shall be, submiaed to the Loca! Gwemmeat Commission. Two copies of the report of audit should be
<br />submitted if the audit is performed only undo the provisions of the Stale Slagle Audit Implementation Act or a financial audit is
<br />tequlrat to be paimmed in eaordanx with Gwunment uditytg Standards. Thrrx copies of the audit should tie snbroiued for
<br />Cotmcps of Govetnmenu. Two copies ottere nadir should tie submiaed for tax levying MttnicipalBica. Otherwise, sae copy shill
<br />tie submiaed. Copies of the report shell be Tiled with the Local GwanmeW Camrnission when (or prior to) submiaing the invoice
<br />for the services rendered. All copies of Ote report submitted toast be bennd The report of audit, ac &led with the Secictmy of the
<br />Local Government Commission, becomes a maser of public record For iaspcctlon and review in the a[Sces of We Secrdary by airy
<br />interested pMies. Any subsequent revisions to these reports wmt be acrt m the Secretary of the Local Gwanmau Commission
<br />These aut8ted fannitdnl stetemems are ared is the preparation of Official Statements for deM offerings (tire auditors' opimoa is not
<br />incinded), by anmicipal bond mtiag sorviast k fidfdl secondary market disclosuro rcgiriremema of the SxariGea and Exchange
<br />Commission, and other Lrwfui purposes oftlte govemmeat, without aubcequent concern ofthe auditor.
<br />!2. Should c'veumstmccs disclosed by Iho nudu call for a mots detafled investigation by the Auditor rhea necessary undo ordinary
<br />cim®tatmas, the Auditor sits!! inform the Gwetning Hoard in writing otthe neat for sack nddiGonal investigation and the
<br />additiomt emnpensation cequiitd thercforc. Upon approval by the Secretary of rho Locd Govtxnmeat Commission,this agreement
<br />may bo varied or changai to inchule the increased time md/or compeosetion es may tie agreed upon by the Gweming Hoard and
<br />the Auditor.
<br />l3. If an approval watroct mails to be varied or changed for any mason, the chmge most tie rcdnrxd to wining, signed by both
<br />posties, prtmtidited if necessary, aced submitted to the StxTaery of the Loco! Gwanmertt Co>mnissioa for approval c a
<br />shall be effea(v~tsal_~ etmroved by the Secrctarvof aieLocal Gwemment Commission. the Govemina Homd and the Auditor.
<br />l4. Wheaeva rho Andikr uses an ettgngemeat later with the client, Item LS may be comph:ted by rcfereaeing the rngagement letter
<br />and attaching n copy of the engngtmwt totter to the contract to incorpomk the engagement letter lino the contract In case of
<br />conflict between the krms of Cht: erigagemont lolls and the terms oC ails wntract, the forms of tide wntraet wiU conceal.
<br />Engagement letter tams arc da:med k be void unless the conflictwg terms of lids twntmet me speaGarlly delekd is Item 2I of
<br />this connaot Engagemem lepers conkining indemnification cianseswilt not be approved by the Local Government CotamIssion.
<br />15. lhnrenrenospeciatprovisionsexcept: n,.w„iwt,v,.~,m.,tw.,t<.ot~yartarteomeanu,o.n«ne.nnhe,«~re.ryww,neuosoamm+n
<br />Ili. A separate coatmet Id n t be mods for each division ro be audied or report to ba submitted. A sepamk wntract must bo
<br />executed for each componeal tmft which is n local govemmeat and iorwbich a separate audit report ie issued
<br />17. Tho watratri should be exccutcd and submitted in trio8cak w tlic Seaetary of die Local Gwcrnmcm Commission. Thu mailing
<br />address is 325 North Selisbmy Street, Raleigh, Nonh Carolina 27603-1385. The physical address is 4505 Fair Meadow Leae,
<br />Suite I02, Raleigh, Notch Carolina 27607-6449.
<br />18. Upon approval, rho original contract will be returned to the Govemmmud Uait, a copy wA16e forwarded to the Audits ,and a
<br />wpy rcteinai 6y the Secretary of the Local Gwernmrnt Commission. The audit shoal not tie started~Foro the contrnd_is
<br />a v
<br />l9. ?here arc no other egreemcnis betareen the parties boas and no other ogreemenis relative hereto that shall be enfottxablc unless
<br />colored into in accordance widr the procedure set om herein end approved by the Secretary of Oie Local Government Commission.
<br />20. If this audit engagement is not subject m Owomment Auditing Standerds, ihrn Item 5 shall be listed es a deleted provision in Item
<br />2I. An expiaaatian must be gives for deleting this provision
<br />21. All of the above pamgmphs are tmderstaod aced shall apply to this agtcemeat, except the iollawing mrnbeied pamgtapha shall be
<br />deleted: (Sao Ikm l4.)
<br />~~ McGladrey & Pullen, LIP
<br />HY '
<br />(Please type or print rt®te and 11~
<br />Hy John J. Gilberto, Partr-er
<br />1 type r nt' ' )
<br />Signature authorized audit firm mpresemmive)
<br />nak March 24, 2008
<br />Approved by We Secretary of We t.oeal Goveromrnt
<br />Commluioa u providal in Aside 3, Chapter t59 at fix
<br />Clweml Stanna or Ankle 31, Put 3, Chapter I ISC of the
<br />Geaeal Staaoes.
<br />For the Seeretary, Local Gwemmmt Commission
<br />(Sigmture}
<br />Date
<br />(Sigaatore of Mawr or~,an of governing board)
<br />Dale
<br />Hy
<br />(Cha'uperaon o[AUdit Committee (Please type orpriat name)
<br />(Signature of Audit Committee Cfinirpason)
<br />Dale
<br />(If strut does eat bsve as audit wmoiritx, this aectim should be
<br />ntat3red "N/A.'~
<br />'This imtrumeN !ms Fiem prr~idired is the menace required by Taa
<br />Iacot Doveraoxat Btidga aced Ftseat Como! Aa or hY the Sctual
<br />Budget and Fiscal Control Act
<br />l3ovaammiai Unit Fmenee Otgew(Pleou typo of punt n>onr)'
<br />(Sigmture)
<br />Date
<br />(Preandlt Cettillcate must be dated.)
<br />
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