Agenda - 01-18-1983 - Laserfiche WebLink

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061 t,,C•mi titer..tt-en CONTRACT TO AUDIT ACCOUNTS of Orange County, liar.(. :ci]..in.a (Governmental Until This agreement,wade this 0.t.1 ._day of_ __„,„,,19„2._,by and between Touch e� .,s & co 700 NCNB Build' : u c • • - - = • - It 1 p hereinafter referred to as Address » le the Auditor;and Be) • - • to ,hereinafter referred [j_ r. a yr�i am of • Go • •tutUnit eypvetn nit Body to as the Governmental Unit,as follows: 1. The Auditor shall examine the balance sheets, statements of revenue,expenditures and fund balances of ill funds and/or divisions of the 19 $ ,and ending,..,. • "t'r� fl 1933_. Governmental Unit for the period beginning ��?•� �- -� _ s Including tine certification of tax levy, for the consolidated tax system and audit of Grant Funds. under the concept of "Single Audit" E A 9hi err�tranduet his examination and render his report in accordance with generally accepted auditing standards.The examination shall include such tests of the accounting records and such other auditing procedures as are considered by the Auditor to be necessary its the circumstances,ex- cept us follows:(See item 4 of lnstrutions) 3. It is agreed that generally accepted auditing standards include a review of the Governmental Unit's system of internal control and accounting as same relates to accountability of fonds and adherence to budget and law requirements applicable thereto;that the Auditor will make a written report, which may or may not be a part of the written report of audit,to the Governing Body setting forth his findings,together with his recommendations for ire- provement.The Auditor shall flea copy of said report with the Secretary of the vocal Government Commission. 4. The Auditor shall,after completing his examination,submit to the Governing body a written report of audit.This report shall Include,at least,the financial statements and notes thereto prepared in accordance with generally accepted accounting principles,supplementary information requested by the client or required for full disdosut under the law and the auditor's opinion on the material presented.The a Auditoe shall furnish shall file a copy of 2 0 report of of the report of audit to the Govemin Body as soon as practical after the close of the accounting period.The with the Secretary of the Local Government Commission. 5, It is agreed that time is of the essence in this contract, If all audits are not performed and the report of audit submitted by September 30 ,•l9 3,,then this contract shall be void and of no effect,but if said condition is complied with,this contract shall be in full force and effect. 6. Should eirctunstanceedisclored by the audit call for a more detailed investigation by the Auditor than necessary under ordinary circumstances,the Auditor shall inform the Gov Body in writing of the need for such additional investigation and the additional compensation required therefor.Upon approval by the Secretary of the Local Government Commission,this agreement may be varied or changed to include the increased time and compensation as may be agreed upon by the Gov'r ring Body and the Auditor, 7. There are no special provisions,except: 8. In consideration of the satisfactory performance of the Provisions of this agreement,the GovenuaenW Unit shall pay to the Auditor,coon ap- proval by the Secretary of the Local Government Commission,a fee of: CAFS and certification of levy $ 222q, 110(0 Single Auditor of GentsDetw=(nee parties hereto and no other agreements relativ tieido shall be enforceable unless entered into ht accor- dance with the procedure set out h ein and approved by the Secretary of the Local Government Commission. Auditor Govereina Body By r, ./e h... . 4 Approved by the Secretary of the Local Government Commis- T his instrument has been preaudited in the manner required by don as provided In Amide 3,Chapter 159 orate General Statutes the L Budget Government and t O Control Acs Control Act or by the or Ankle 31,Part 3,Chapter)IlIC of the General Statutes.