Orange County NC Website
Browse       Search
DocuSign Envelope ID: E7E972BC-9AAE-4644-BDOF-25BC6FF8EO55 <br /> J. Medical Responder Services. When Town provides Emergency Medical <br /> Technician Services assistance, it shall be done in accordance with the <br /> protocols set forth by the Orange County Medical Director. <br /> 11. The Town shall present the County with an annual audit by a Certified Public <br /> Accountant,which shall be in conformity with General Accepted Accounting Principles. <br /> Such audit to be provided and be in conformity with the most recent audit policies of <br /> the North Carolina Local Government Commission. Further, the Town agrees to <br /> comply with County budgeting procedures including a mid-year financial statement for <br /> its fire department and other procedures provided for by State Law and agree to submit <br /> budget estimates to the Board of Commissioners on the standard forms used by <br /> County departments. The Town agrees to have the annual audit published for Public <br /> review. The Town also agrees to use standard line items for accounting as requested <br /> by the County Finance Department. <br /> A. In the event that the audit reveals any reportable and/or material <br /> issue(s) with regard to compliance with generally accepted accounting <br /> principles, or any material weakness or significant deficiencies, the <br /> Town shall provide a written statement to the county that contains an <br /> explanation of each issue and an action plan (with implementation <br /> timetable) for resolving each such issue, weakness and/or deficiency, <br /> and shall provide periodic reports to the county on progress made in <br /> resolution of each issue, weakness and/or deficiency. If resolution of <br /> such issues, weakness or deficiencies requires professional advice on <br /> the part of the Town (or county's) auditor, the Town shall bear the cost <br /> of such advice. <br /> B. Should the Town fail to submit its audit report to the county within the <br /> above time period, the county will suspend all funds immediately until <br /> the audit is delivered as set forth above, except that the county's Chief <br /> Financial Officer may grant a reasonable submittal extension if the <br /> Town is unable to deliver the audit for reasons beyond the control of <br /> the fire department or the auditor. <br /> C. The Town agrees that if its financial records are judged to be un- <br /> auditable for purposes of an audit or establishment of a budget by the <br /> county's chief financial officer or, if a regular or special audit by a <br /> certified public accountant reveals competent evidence of reckless or <br /> willful financial mismanagement practices or intentional or criminal <br /> wrongdoing, the Town Council will be notified by the County. At that <br /> time, the County and Town Council may jointly name a trustee who will <br /> assume responsibility for management and financial decision-making <br /> for the fire department until such time as the county and Town agree <br /> that the Town fire department's finances have been stabilized to the <br /> extent required to satisfy the financial management provisions of this <br /> contract. <br /> 12. The Town shall comply with the County budgeting procedures and purchasing <br /> procedures provided for by state law and shall submit annual budget estimates for the <br /> Town Fire Department in accordance with established County budget timetables along <br /> with a supporting letter of request for the proposed tax rate shall be signed by the <br /> Town's Town Manager upon approval of its Town Council. The County will provide <br /> 4 <br />