Agenda - 06-05-2001-9b - Laserfiche WebLink

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_: ':; lI the report shall be filed with the Local Govermneat Commission when (or prior to) submitting dte invoice for the services rendered. All copies of the report submitted ~. The report of audit as Bled with the Secretary of the Local Government Commission, becomes a matter of public record for inspection and revieatr in the offices of the Secretary by any interested parties. Any subsequent revisions to these reports must be sent to the Secretory of the Local Government Commission. ' These audited £nancial statements aro used in She preparation of Official Statements far debt offerings, by municipal bond rating services, and to fulfill secondary market disclosure requirements of the Securities and Exchange Commission. 12. Should circum6lance5 disclosed by the audit call for a more detailed investigation by the Auditor than necessary under ordinary circumstances, the Auditor shall inform the Governing Board 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/or compensation as maybe agreed upon by the Governing Board and the Auditor. 13. If an approved contract needs m be varied or changed for any reason, the change must be reduced m writing, signed by both parties, preaudited if necessary, and submitted m the Secretary of the Local Government Commission far approval. 14. Whenever the Auditor uses an engagement letter with the client, Item 15 may be completed by referencing the engagemWrt letter and attaching a copy of the cngagrunent letter to the wntract m inanrporate the engagement letter into the contract, In case of conflict between the terms of the engagement letter and the terms of this contract, the terms of this contract will control. Engagement letter terms are deemed m 6e void unless the conflicting terms of this contract are specifically deleted in Item 21 of this contract. Engagement letters containing indemnification clauses will not be approved by the Local Govemtttent Commission. 15.. There are no special provisions except: Attachments A&B 16. A separate contract sh°uld not be made for eavh division m be audited or report to be submitted. A separate contract must be executed for each component unit which is a local government and for which a separate audit report is issued. 17. The wntract §Itvuld be executed and submitted in Licata to the Seta'etary of the Local Govettunent Commission, 325 North • Salisbury Street, Raleigh, North Carolina 27603-1385. 18. Upon approval, the original contract will be returned to the Govenunental Uni; a copy will be forwarded to the Audimr, and a copy retained by the Secretary aF the Local Government Commission. 't d the con is SDDiOVed. 19. There are no other agreements between the parties herein and no other agreements relative hereto that shall be enforceable unless entered tern in accordance with the procedure net out herein and approved by the Secretary of the Local Government Cotranission. 20. if this audit engagement is not subject to Govemmtrrt Auditin~Standardg, then Item 5 shall be listed as a deleted provision in Item 21. An explanation must be given for deleting this provision. 21. Ail of the above paragraphs are nndersmod and shall apply to this agreement, except the following numbered paragraphs shall be deleted: (See item 14.) 22. Will the audited flaeatdal sffitements be prepared in accordance with GASB Statement No. 34? XES~i NO If the audited flnaacial sffitemmts are prepared ffi accordance with GAS$ Statement No. 34 the references in Item 1 m tiro combining, individual fund, and account group statements shall mean the basic tlnaacial statements, management's discussion and analysis, and required snpplemenffiry statements as defined in GASB Sffitement No. 34. Audltlag procedures applitable to other supplemenffiry schedules are not changed by the lmplementat[oa of GASB Statement No. 34. By Stephen Halkiatis HY_~;~die T• Sgil~ (Please type or print nsme and 't r - (Please type or print name) (Signature of authariaed audit firm represonSativo) bate Approved by the Secromry of the Low] Gavemmeot Corratdssion as provided in Article 3, Chapter 159 of the General 5ffitutes or Artcle 31, Pan 3, Chapter 11 SG of the Gerteral Stanrtcs. (Signature of Mawr or Qp of governing board) Date By l (l'~tairpersan of Audit Corrtmittee (Please type or print name) (Signature Of Audit Cormnittee Chairperson) Fer the Secretary,,Lor:ai Govemmettt Commission (Signature) Date Date / (lf unit does not Nava an audit eommtetae, this seetlon should be rrmrkad "N/A.") This instnmtent has been presudited in the manner required by The Laval Government Budget and fiiswl Control Act or by the School Budget and, Fiscal Con0o1 Act. Governmental Unit Firumce Officer (Please type m print name) (Signature) Date