Orange County NC Website
Browse       Search
Attachment 1 <br /> LGCw205 Amendment AMENDMENT TO CONTRACT TO AUDIT ACCOUNTS Rev . 11 /2022 <br /> Whereas Primary Government Unit <br /> Orange County, North Carolina <br /> and Discretely Presented Component Unit ( DPCU ) ( if applicable ) <br /> I <br /> I- <br /> and Auditor <br /> Mauldin & Jenkins , LLC <br /> entered into a contract in which the Auditor agreed to audit the accounts of the Primary Government Unit <br /> and DPCU ( if applicable) <br /> r, <br /> Fiscal Year Ending Date <br /> for and originally to be <br /> f06/30/22 submitted to the LGC on 110/31 /22 <br /> hereby agree that it is now necessary that the contract be modified as follows . C <br /> L <br /> Original date Modified date <br /> ✓0 Modification to date submitted to LGC 10/31 /22 12/20/22 <br /> Original fee Modified fee �` <br /> ❑✓ Modification to fee $ 96 , 000 . 00 $ 111 , 000 . 00 <br /> Primary Other Reason (s ) for Contract Amendment <br /> (choose 1 ) (choose 0-2) <br /> ❑ Change in scope <br /> 0 ❑ Issue with unit staff/turnover <br /> 0 ❑ Issue with auditor staff/workload <br /> 0 ❑ Third -party financial statements not prepared by agreed - upon date <br /> 0 ❑ Unit did not have bank reconciliations complete for the audit period <br /> 0 ❑ Unit did not have reconciliations between subsidiary ledgers and general ledger complete <br /> 0 ❑ Unit did not post previous years adjusting journal entries resulting in incorrect beginning <br /> balances in the general ledger <br /> ❑ Unit did not have information required for audit complete by the agreed - upon time <br /> ❑ Delay in component unit reports <br /> 0 ❑ Software - implementation issue <br /> i <br /> 0 ❑ Software - system failure <br /> ❑ Software - ransomware/cyberattack <br /> ❑ Natural or other disaster <br /> 0 ❑ Other ( please explain ) <br /> Plan to Prevent Future Late Submissions <br /> If the amendment is submitted to modify the date the audit will be submitted to the LGC , please indicate the steps the unit and <br /> auditor will take to prevent late filing of audits in subsequent years . Audits are due to the LGC four months after fiscal year end . <br /> Indicate NA if this is an amendment due to a change in cost only . <br /> The County and the auditor will work together on developing agreed-upon timelines for all deliverables needed <br /> for the audit. The auditor will ensure dedicated resources are available to the County for all stages of the audit, <br /> including the wrap -up and review process . <br /> Additional Information <br /> Please provide any additional explanation or details regarding the contract modification . <br /> The audit fee is being modified to include two (2) additional major programs not covered by the engagement <br /> letter . The original fee included six (6) major programs and the composition of the County' s SEFSA required <br /> that eight ( 8 ) programs be audited . <br /> By their signatures on the following pages , the Auditor, the Primary Government Unit, and the DPCU ( if <br /> applicable ) , agree to these modified terms . <br /> Page 1 of 3 <br />