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Aua-11°Oc 07:40am Frem•B!ACKMAN b SLOOP, CPAS, P q +91896?4166 <br />Willem C. Blackman, C £. 1.. <br /> <br />Etubin n 1dcDurGe, C.P..4, <br />•"t <br />~~~ <br />bt- Neely McLaughlin, C ray, rit.B A <br />JoanC Phan, C. P.A. _ <br />T <br />~~ <br />~ <br />~ <br />~L~~71~ <br />James H~ Sloop, GP.A. ~ <br />_-. <br />, <br />Andrea t?woudcll, C.PA. <br />.. <br />~ CERTIFIED PUtl41C ACCOUNT AH TS <br />~_ <br />a. <br />Gurlu G Daniel <br />Anpust 10, 200 <br />Mr Moses Carey, Jr.. <br />Board of Gotlnty Cotmnissioners <br />Oc~ulge Coulrty <br />POkiox81S1 <br />Hillsborough, North Carolina 27278 <br />Dear Mt. Carey: <br />i-63i P 02/03 F-437 <br />391=3tBFP5: <br />:lmcria,n tns[im <br />tauficd Puhlic Accountants <br />:4orlh Carnltna :associnnen of <br />Certified Rtblic Accoununts <br /> <br />tie are pleased to confirm. our understanding of the nature and liniitatio_re of :he <br />services we are to provide for Ch~a.•lge Colmty.. <br />We will apply the. agreed-upon procedures which Orange C;eunty has specified, <br />listed in the attached schedule, to evaluate dle reascilab.leness of property, plant and <br />equipment, membership revenue. program revenues and expenses and the financial terms <br />of eoutracts and agreements of R. T, Holdin`s, LLC, LIBA Trittmgie SportsPlex, fez the <br />period ended May 31, 20Q5. This engagement is solely to assist (hBrae County in <br />assessing the reasonableness of the financial information presented by k l~ Holdin.gs, <br />LLC. Our engagement ro apply agreed-upon procedures :vill be cunducte;l in accordance <br />'With attestation standards established by the Atncrican hlstiatte of Certified Public <br />Accountants. The sufficiency of the procedures is solely the responsibility of those <br />patties specified in the report, Consequently, we nlalce no representation regarding the <br />sufficiency of the procedures described ht the artached schedule either ft+r the purpose iar <br />which this report has been requested or for any other purpose. 1f,fo*'tury reason,~i~e are <br />unable to complete the procedures, we fh-ill describe any restrictions on the. perDrmatn.e <br />of the procedures in our report, or will not issue a report as a resuh of this engagement. <br />Becat>ve the agreed-upon procedures listed in dle attached schedule do not <br />constitute an e>;arnination, we will not express an opinion on the reasonableness of the <br />financial inforration of the SportsPlex in addition, tic hav[; no obligation tD perform <br />any procedures beyond those listed in the attached schedule, R',ny additinnai procedtiras <br />requested by Orange County will require an addendum to this abreelnent prior to any <br />work being performed. <br />We will submit a report listing Lhe procedures perTbnned and nor findings, This <br />report is int[;nded solely for the use of Orange County, and should not bz used by those <br />v<ho did nut agree to the procedures and take the responsibiiity fur the sufficiency o_' (he <br />sl.uuP, era>, PA <br />+>9C nc~ DDO Scidmm~ AWarv:c <br />;,t:w"~'~ t'honrJ9199426700ut~ir ;~ , luP lrci/B77 $>~{1530 „yu+k'`'~~": <br />LYChangc V,2se tie Mcndole'mant•lfilt 4~0 a~~J?~t~IF.Chu~llhll~.;~n~(IYCa"rolirn?7ili <br />a^w~e.blaekrnnnslaop.eom • <br />