OTHER-2023-028-Contract to audit accounts

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Attachment 1 LGC =205 CONTRACT TO AUDIT ACCOUNTS Rev . 11 /2022 The Governing Board Board of County Commissioners of Primary Government Unit Orange County and Discretely Presented Component Unit ( DPCU ) ( if applicable) n/a Primary Government Unit, together with DPCU (if applicable), hereinafter referred to as Governmental Unit(s) and Auditor Name Mauldin & Jenkins , LLC Auditor Address 4208 Six Forks Road, Suite 1000 , Raleigh, NC 27609 Hereinafter referred to as Auditor for Fiscal Year Ending Date Audit Will Be Submitted to LGC 06/30/23 10/31 /23 Must be within four months of FYE hereby agree as follows : 1 . The Auditor shall audit all statements and disclosures required by U . S . generally accepted auditing standards (GAAS ) and additional required legal statements and disclosures of all funds and/or divisions of the Governmental Unit (s) . The non - major combining , and individual fund statements and schedules shall be subjected to the auditing procedures applied in the audit of the basic financial statements and an opinion shall be rendered in relation to (as applicable) the governmental activities , the business- type activities , the aggregate DPCUs , each major governmental and enterprise fund , and the aggregate remaining fund information ( non - major government and enterprise funds , the internal service fund type , and the fiduciary fund types) . The basic financial statements shall include budgetary comparison information in a budgetary comparison statement , rather than as RSI , for the General Fund and any annually budgeted Special Revenue funds . 2 . At a minimum , the Auditor shall conduct the audit and render the report in accordance with GAAS . The Auditor shall perform the audit in accordance with Government Auditing Standards (GAGAS) if the Governmental Unit expended $ 100 , 000 or more in combined Federal and State financial assistance during the reporting period . The auditor shall perform a Single Audit if required by Title 2 US Code of Federal Regulations Part 200 Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart F ( Uniform Guidance) or the State Single Audit Implementation Act . This audit and all associated audit documentation may be subject to review by Federal and State agencies in accordance with Federal and State laws , including the staffs of the Office of State Auditor (OSA) and the Local Government Commission ( LGC ) . If the audit requires a federal single audit in accordance with the Uniform Guidance ( § 200 . 501 ) , it is recommended that the Auditor and Governmental Unit (s) jointly agree , in advance of the execution of this contract , which party is responsible for submission of the audit and the accompanying data collection form to the Federal Audit Clearinghouse as required under the Uniform Guidance ( § 200 . 512 ) . Effective for audits of fiscal years beginning after June 30 , 2023 , the LGC will allow auditors to consider whether a unit qualifies as a State low- risk auditee based upon federal criteria in the Uniform Guidance § 200 . 520 ( a ) , and ( b) through (e) as it applies to State awards . In addition to the federal criteria in the Uniform Guidance , audits must have been submitted timely to the LGC . If in the reporting year , or in either of the two previous years , the unit reported a Financial Performance Indicator of Concern that the audit was late , then Page 1