Agenda - 05-16-2006-5i - Laserfiche WebLink

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LGC-cos prrv. utn~on CONTRACT TO AUDIT ACCOUNTS FHrinrdpnat` of Orange County Sportsplex Govsmmmm7 Unil /~ On IkSs aid day of April 2006 Chvry, Helmrtt &UagunJ, L.LP., l~ 2626 Glenwood Avenue, Susie 366, Raleigh, Nndh CHroI(na 27666 nudhar 6+~YYY"' Mailing Addrus hcminafier referred to os the Audimr, and the County Commissimcrs of Dmngc County . hcminaficr mFencd Gavcming Ham! GovemmeN¢I Unil m as the Govemmenml Unit, ngmc us follows: i. The AUJimrsholi audit Nl ssntemmts and disdosutes rtquimd by gemm~lly nmepledvccormling pdnciplo mdodditiomlrequlrcd legal smmmmts and discimmes of nil funds mdfar divisions o! the Govemmmml Unit for the period begiming oecembv 16 . 2HH$ and ending tuveso onus .The, mnnvgement's dimussion and noalysis, nm•mnjor combining, and indiviJml fund smlemenm and schedules shell be subjected to the vudiUng pro«dures applied in the audit oFlhc bosie financial riutmnmts end on opinion will be rendered in minion to (as nppiimbiej Um govcmmenlni nedvitles, the business-type adiviUrs, the ogh'rcgnte dtscmNly prcsenled mmponml colts, nick motor gavemmrnml and micrprise fund, and Um nggregvle mmoining Pond informnlion (nonmvJorgovernmcnt and enterprise Fundsn the imemol servim Fund type, and dm HUurinry Nod types). '? Ain minimum, the Audimrshvli conduct his audit and mndcrbis report inamordunn sviW genemHy nempled vuditing smndnrils. Thc Audimr shell perform the audit in amartlanm wWs G r Auditin ~ Sm dords if rtquired by the Smte Single Audit Impiemenmtion Act, ns eodi0ed in G5. 159.34,. if mquirtd by OMB Cimulm A-133 and the Smte Single Audit lmpicmmmlion Ae4 Um nudimr shall perform n Single Audit 3.. 77ds mnrmN commnplntu an mrq+mllfird apbdvn bring rtmdemd. if finnnciel riatemenls ass not pmpnmd in omadance svidt generally neceptml ncam0ng princ(plrs (GMPj, or the stotemmts full to lactate ell disdosurts mquird by GAAP, upinin Wut depnnum fmm GAAP {n We space blow: None d. ThQ mnlmel mnfamplararan nnrryalified apbdon bntng rendemd The audit slmll include such tests oF1he neeovoting mmnls and such othd auditing pmcedurt as am mmidertd 6y the Auditm to be neersmry bl the rimumsmnces. Any Hmimnnrss or rrsrrtedonr Inseopc uddrh unnld Ind ro o gnvhfimrton shaold 8e )ally crplulrrrdln nrr armchmmr ao rh[r eonwar. Thc audit aviil have m snipe I'unimtivas exmpL• NSA S. If this oudit m}ygemmt a mbject to the slmU¢NS far nadir as defined in Gavemmmt Aud'lina Smndnnis, issued by the Comptmiler Gmeml of the United Smles, thco the AvUilor Swrrmts by nmepdng Ihia rngagcment Umt he/she has and the rtquiremmtz fm v prat mview nod mnlinuing dlumdvn ns spedfied in Govemmml Avdilinn Stmdenls. Thc Auditor ogees to provide o copy of their mori anent pm mview mpon m the Gavemmenmf Unit nod tfie Semewy of the Laml Gvvcmment Commission ndwto the eaecutim ofthc audit mnlmd (see item?HJ 6. It is ogneed Wm time is of the essmce in skis matron, NI audits ore m he pafarmed mJ the mpon ofnuditsuhmitlml 6y Octaber3l 2606 7. It is ogcecd thvt genemliy vaapmd ouJidng smndorSs include n mview of the Govemmmmi Unit's system of imemni wntmi and occouvdng ns same mintrs m acmunmbility of lords end ndlmrtnm to kuJgd and Inv requirtmmis applimbie Ihertm; ilsvr rite Audimnvitl mule o vvrinen report, wOfds mvy ar may not be n pan oflhe vvrinen report ofnudi4 to the Gaveming Board selling Pooh his findings, logetha wish b'ss recommmdndam For impmvemcnL 7bot svrinm mpon must imludc oil mnUcrs defined ns "sepannbie conUlUvns" W AU 33 of the AICPA PmfesNnmi Strmdnrds.. Th A d1 shall fie n copy of that moon whh the q Nry tike iami Gnvemment Cvmmissiaa 0. NI Ioml gavemmmt end public pufhodty mnimds far mnual or spraiol oudhs, bookkeeping or atha assismnce pmpvm We Unif¢ meonk for audio fimneiol stnlement pmpomtian, any Cmvnm-mlvld invesligmtipm, or any odrrr work in Um Smm of North Csralinn mquim Um oppmvol of rim Sevemry of Um Lnml Govemmenl Commission tripiimte to the Secrdnry a(Um Lomi Govemmml Commission. Ttc original and one mpy svill be mlumed Io the AWhar. AppmvN is not rtquimd on eontmds and invoices For rystem impmvemenu and similar services afonon-oudiilng nmum 9. in ennsldemdon of ilm svdsfudory performmm of Um provisions of this ngmemeN, Um Gavemmenmi Unit shall pay to ilm Audim , upm appmvpl by the 5ecmmry of We Lornl Govrmmmt Commission, ti a follnwinn tee which includes my mri dm Auditor may incur fmm work paper or peer mvimvs or any other quality osrvmnm pmgam mquimd by third panics (Fdlmnl nnU Sm¢ grvmor and oversight ogmdes or aUmr vsganFmtivnsj m mquirtd undo the Federal and Smm Single Audit Aets: Audit vrdprcporatlen efdr Hmvwi nmcmmn • SUSga !0, AFmreomplelinghisnudi4 the Auditor skull rvbmitmlhe Governing Bmsvln vvrittrn mpon afauJiL'This report skull indmle,N Icvsl, Mmngemenl's Uumssion ant Analysis, the financivl smtemmts ofrhe govemmcnmi unit and all of its component colts nnJ noses Ihertlo pmpnmd in vecodanm wish gmemliy viceepred accounting prindples, combining and supplementary inlommtion mquesled by the dint or mquircd !or full disdosurc under the low, and the Auditor's opinion on Om mmeriul presented Tim Auditor simli fumisk the rtquimd number of cvplrs of Um rgsvn of audit to the Gowning Bovrd os soon vs pmdimt nHm the close of Um vmounting period.