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J, Medical Responder Services. When Town provides Ernergency Medical <br />Technician Services assistance, it shall be done in accordance with the <br />protocols set forth by the Orange County tedicall Director, <br />11, The Town shall present the County with an annual audit by a, Certified Public <br />Accountant, which shall be in conformity with General Accepted Accounting <br />Principles. Such audit to, be provided and be in conformity with the most recent audit <br />policies of the North Carolina Local Government Commission. Further, the Town <br />agrees to comply with County budgeting procedures including a raid -year financial <br />statement for its fire department and other procedures provided for by State Law and <br />agree to submit budget estimates to the Board of Commissioners on the standard <br />forrns used by County departments. The Town also agrees to use standard line <br />items for accounting as requested by the County Finance Department, <br />A. In the event that the audit reveals any reportable and/or material <br />issues) with regard to compliance with generally accepted accounting <br />principles, or any material weakness or significant deficiencies, the <br />Town shall provide a written staten'tent to the county that contains an <br />explanation of each issue and an action plan (with implementation <br />timetable) for resolving each such issue, weakness and/or deficiency, <br />and shall provide periodlic reports to Hie county on progress made in <br />resolution of each issue, weakness and/or deficiency, If resolution of <br />such issues, weakness or deficiencies requires professional advice on <br />the part of the Town (or county's) auditor, the Town shall bear the cost <br />Of Such advice, <br />B. Should the Town fail to submit its audit report to the county within the <br />above time period, the county will suspend all funds irnmediately until <br />the audit is delivered as set forth above, except that the county's Chief <br />Financial Officer may grant a reasonable submittal extension if the <br />Town is unable to deliver the audit for reasons beyond the control of <br />the fire department or the auditor. <br />C. The Town agrees that if its financial records are judged to be un- <br />auditable for purposes of an audit or establishment of a budget by the <br />county's chief financial officer or, if a regular or special audit by a <br />certified public accountant reveals competent evidence of reckless or <br />willful financial mismanagement practices or intentional or criminal <br />wrongdoing, the Town Council will be notified by the County. At that <br />three, the County and Town Council may jointly name a trustee who <br />will assume, responsibility for management and financial decision- <br />making for the fire department until such time as the county and Town, <br />agree that the Town fire department's finances have been stabilized <br />to the extent required to satisfy the financial management provisions <br />of this contract. <br />12. The Town shall comply with the County budgetirig procedures and purchasing <br />procedures provided for by state law and shall submit annual budget estimates for <br />the Town, Fire Department in accordance with established County budget drrietaUes <br />along with a supporting letter of request for the proposed tax rate shall be signed by <br />the Town's Town Manager upon approval of its Town Council. The County will <br />provide the Town with standard forms for budget submission and the Town shall use <br />such standard forms, <br />4 <br />