Agenda - 06-06-1994 - VIII-G - Laserfiche WebLink

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3 E 10. The contract should be executed and submitted in triplicate to the Secretary of the Local Government Commission, 325 North Salisbury Street, Raleigh. North Carolina 27803-1385. I 11. Upon approval,the original contract will be returned to the Governmental Unit, a copy will be forwarded to the Auditor, and a copy retained by the Secretary of the Local Government Commis:ion. The audit should not .,e started before the contract is approved. 12. This contract eontemPlates art unqualified ophsion being rendered.Aug$naitations or restrictiom in acope which would Lead to a qualification should be fully aWlained in an atta*nwat to this contraa. Contracts with such limitations will not be approved unless satisfactory explanation Is made. 13. If an approved contract needs to be varied or changed, the change must be reduced to waiting, signed by both parties, preaudited if necessary, and submitted to the Secretary of the Local Government Commission for approval. No change shall be effective unless approved by the Secretary of the Local Government Commission, the Govaning Board, and the Auditor. 14. A separate contract should not be made for each division to be audited or report to be submitted. The:Dope of the audit and the fee for the audit should be dearly stated. A separate contract must be executed for each component unit which is a local government and for which a separate audit report is issued. 15. The auditor shall file three copies of the report of audit (four copies for councils of governments, one copy If no single audit is required) with the Secretary of the Local Government Commission when (or prior to)submitting the invoice for the services rendered. The report of audit, as filed with the Secretary of the Local Government Commission, becomes a matter of public record for inspection and review in the offices of the Secretary by any interested parties. These reports are used in the preparation of Official Statements for debt offerings as well as by municipal bond rating services. 16. There are no special provisions except: See engag t letter attached 17. Whenever the Auditor uses an engagement letter with the client, Item 16 should be completed by referencing the engage- ment letter and attaching a copy of the engagement letter to the contract to incorporate the engagement letter into the • contract. In case of conflict between the terms of the engagement letter and the terms of this contract, the terra:of this contract will control.Engagement letter terms are deemed to be void unless the conflicting tams of this contract are specifically, deleted in Item 21 of this contract. 18. A Governmental Unit not having a single audit on federal and State funds would list Item 7 in Item 21 of the contract as being a deleted provision. An explanation must be given in Item 21 for anv Governmental Unit not receiving a single audit on federal and State funds (e.g., a single audit is not required under the Federal and State Single Audit Acts and is not being performed). 19. If this audit engagement is subject to the standards for audit as defined in the Government Auditing Standards, issued by the Comptroller General of the United States, then the Auditor warrants by accepting this engagement that helshe will meet the requirements for an external quality control review and continuing education requirements specified in the Government Auditing Standards. Copies of any written communications that are a result of an erternal quality control review will be made available to the Secretary of the Local Government Commission upon his request. 20. There are no other agreements between the parties hereto and no other agreements relative hereto that shall be enforceable unless entered into in accordance with the procedure set out herein and approved by the Secretary of the Local Govern- ment Commission. 21. All of the above paragraphs are understood and shall apply to this agreement,except the following numbered paragraphs shall be deleted: (See Items 17 and 18.) Deloitte & Touche Orange County, North Carolina . Audit Hem Gavwameani Usk By Rea Price, Partner By Moses Carey, Jr., Chairman / (PWM e�pa,pr txfee same) G (Thaw tYR or print etra and tlHa) Mpntura) (Upomn of Maroc or;Caakpweoa of praeaitq bowd) Approved by the Secretary 4 the Local Government This instrument has been preaudited In the manner re- Commission as provided in Article 3, Chapter 159 of the quired by The Local Government Budget and Fiscal Con- General Statutes or Article 31, Part 3, Chapter 115C of trol Act or by The School Budget and Fiscal Control Act. the General Statutes. Kenneth T. C havious Far the$attatary, Iaeal Gsvanmest Cam mica Go wameaea) Uait Fiaame Offraw (TSeaw type a mat name) (Si jstartsa) (5tptae+os) Date Date