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3 <br /> LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 11/2023 <br /> The Governing Board <br /> Board of County Commissioners <br /> of Primary Government Unit <br /> Orange County <br /> and Discretely Presented Component Unit(DPCU)(if applicable) <br /> n/a <br /> Primary Government Unit, together with DPCU(if applicable), hereinafter referred to as Governmental Unit(s) <br /> and Auditor Name <br /> Mauldin & Jenkins, LLC <br /> Auditor Address <br /> 4208 Six Forks Road, Suite 1000, Raleigh,North Carolina 27609 <br /> Hereinafter referred to as Auditor <br /> for Fiscal Year Ending Date Audit Will Be Submitted to LGC <br /> 06/30/24 10/31/24 <br /> Must be within four months of FYE <br /> hereby agree as follows: <br /> 1. The Auditor shall audit all statements and disclosures required by U.S. generally accepted auditing <br /> standards (GAAS) and additional required legal statements and disclosures of all funds and/or divisions of the <br /> Governmental Unit(s). The non-major combining, and individual fund statements and schedules shall be <br /> subjected to the auditing procedures applied in the audit of the basic financial statements and an opinion shall <br /> be rendered in relation to (as applicable) the governmental activities, the business- type activities, the aggregate <br /> DPCUs, each major governmental and enterprise fund, and the aggregate remaining fund information (non- <br /> major government and enterprise funds, the internal service fund type, and the fiduciary fund types). The basic <br /> financial statements shall include budgetary comparison information in a budgetary comparison statement, <br /> rather than as RSI, for the General Fund and any annually budgeted Special Revenue funds. <br /> 2. At a minimum, the Auditor shall conduct the audit and render the report in accordance with GARS. The <br /> Auditor shall perform the audit in accordance with Government Auditing Standards (GAGAS) if the <br /> Governmental Unit expended $100,000 or more in combined Federal and State financial assistance during the <br /> reporting period. The auditor shall perform a Single Audit if required by Title 2 US Code of Federal Regulations <br /> Part 200 Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards, <br /> Subpart F(Uniform Guidance) or the State Single Audit Implementation Act. This audit and all associated audit <br /> documentation may be subject to review by Federal and State agencies in accordance with Federal and State <br /> laws, including the staffs of the Office of State Auditor (OSA) and the Local Government Commission (LGC). If <br /> the audit requires a federal single audit in accordance with the Uniform Guidance (§200.501), it is <br /> recommended that the Auditor and Governmental Unit(s)jointly agree, in advance of the execution of this <br /> contract, which party is responsible for submission of the audit and the accompanying data collection form to <br /> the Federal Audit Clearinghouse as required under the Uniform Guidance (§200.512). <br /> Effective for audits of fiscal years beginning on or after June 30, 2023, the LGC will allow auditors to consider <br /> whether a unit qualifies as a State low-risk auditee based upon federal criteria in the Uniform Guidance <br /> §200.520(a), and (b) through (e) as it applies to State awards. In addition to the federal criteria in the Uniform <br /> Guidance, audits must have been submitted timely to the LGC. If in the reporting year, or in either of the two <br /> previous years, the unit reported a Financial Performance Indicator of Concern that the audit was late, then <br /> Page 1 <br />