Agenda - 01-24-2017 - 6-f - Audit Report Extension

Browse Search

1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: January 24, 2017 Action Agenda Item No. 6-f SUBJECT: Audit Report Extension DEPARTMENT: Finance and Administrative Services ATTACHMENT(S): INFORMATION CONTACT: Gary Donaldson, (919) 245-2453 PURPOSE: To extend the completion of the FY 2015-16 audit report to February 28, 2017 through an amendment to the audit contract between the County and Mauldin & Jenkins, PLLC. BACKGROUND: North Carolina General Statute 159-34 requires audit due date extensions to be first approved by the Board of County Commissioners and then the Local Government Commission (LGC). The audit due date extension is effectuated by an amendment to the audit contract between the County and Mauldin & Jenkins, PLLC. This due date extension is the only amendment to the contract. The audit extension is required to allow additional time for the auditors to review, examine and test the Orange County Department of Social Services (DSS) state reporting and reconciliation of federal and state grant awards and program expenditures. These DSS program expenditures are reported in a subsidiary ledger that is linked directly to the North Carolina Department of Health and Human Services for reimbursement. Mauldin & Jenkins needs to complete the audit procedures to satisfy Single Audit standards. This is the only remaining item for the completion of the audit. This is the first year of a three-year contract with the audit firm Mauldin & Jenkins, PLLC, and there is no change in the contracted amount with this extension. FINANCIAL IMPACT: There is no financial impact associated with this item. SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact applicable to this item. RECOMMENDATION(S): The Manager recommends that the Board approve the contract amendment and authorize the Chair to sign the amendment.