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i <br /> LGCm205 CONTRACT TO AUDIT ACCOUNTS Rev. 11 /2021 <br /> FEES FOR AUDIT SERVICES <br /> i <br /> 1 . For all non - attest services , the Auditor shall adhere to the independence rules of the AICPA Professional <br /> Code of Conduct ( as applicable) and Governmental Auditing Standards, 2018 Revision . Refer to Item 27 of <br /> this contract for specific requirements . The following information must be provided by the Auditor ; contracts <br /> presented to the LGC without this information will be not be approved . <br /> Financial statements were prepared by : [Z] Auditor ❑ Governmental Unit ❑ Third Party <br /> If applicable : Individual at Governmental Unit designated to have the suitable skills , knowledge , and /or <br /> experience (SKE ) necessary to oversee the non - attest services and accept responsibility for the <br /> results of these services : <br /> Name: Title and Unit / Company: Email Address. <br /> Gary Donaldson CFO (Orange County, NC) lgdonaldson@orangecountync . gov <br /> OR Not Applicable ❑ (Identification of SKE Individual not applicable for GAAS-only audit or audits with FYEs prior to June 30, 2020.) <br /> 4 <br /> 2 . Fees may not be included in this contract for work performed on Annual Financial Information Reports <br /> (AFIRs) , Form 990s , or other services not associated with audit fees and costs . Such fees may be included in <br /> the engagement letter but may not be included in this contract or in any invoices requiring approval of the LGC . <br /> See Items 8 and 13 for details on other allowable and excluded fees . <br /> 3 . Prior to the submission of the completed audited financial report and applicable compliance reports subject to <br /> this contract , or to an amendment to this contract ( if required ) the Auditor may submit interim invoices for <br /> approval for services rendered under this contract to the Secretary of the LGC , not to exceed 75 % of the billings <br /> for the unit' s last annual audit that was submitted to the Secretary of the LGC . Should the 75 % cap provided <br /> below conflict with the cap calculated by LGC Staff based on the billings on file with the LGC , the LGC <br /> calculation prevails . All invoices for services rendered in an audit engagement as defined in 20 NCAC . 0503 <br /> I" <br /> shall be submitted to the Commission for approval before any payment is made . Payment before approval is a k <br /> violation of law. (This paragraph not applicable to contracts and invoices associated with audits of hospitals) . <br /> PRIMARY GOVERNMENT FEES <br /> Primary Government Unit Orange County <br /> Audit Fee $ 96 , 000800 <br /> i <br /> Additional Fees Not Included in Audit Fee. <br /> I <br /> Pi <br /> Fee per Major Program $ <br /> Writing Financial Statements $ <br /> All Other Non -Attest Services $ <br /> 75 % Cap for Interim Invoice Approval $ 72, 000 . 00 1 <br /> not applicable to hospital contracts <br /> DPCU FEES ( if applicable ) <br /> Discretely Presented Component Unit <br /> Audit Fee $ <br /> Additional Fees Not Included in Audit Fee : <br /> Fee per Major Program $ <br /> Writing Financial Statements $ <br /> All Other Non -Attest Services $ <br /> 75 % Cap for Interim Invoice Approval $ <br /> not applicable to hospital contracts <br /> Page 7 <br />