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24 <br /> LGC-205 Amendment AMENDMENT TO CONTRACT TO AUDIT ACCOUNTS Rev. 11/2023 <br /> Whereas Primary Government Unit <br /> Orange County,North Carolina <br /> and Discretely Presented Component Unit(DPCU) (if applicable) <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 /> Fiscal Year Ending Date <br /> for and originally to be <br /> 06/30/24 submitted to the LGC on 10/31/24 <br /> hereby agree that it is now necessary that the contract be modified as follows. <br /> Original date Modified date <br /> ❑✓ Modification to date submitted to LGC 10/31/24 02/28/25 <br /> Original fee Modified fee <br /> ❑✓ Modification to fee $ 120,000.00 $ 135,000.00 <br /> Primary Other Reason(s)for Contract Amendment <br /> (choose 1)(choose 0-2) <br /> O ❑ Change in scope <br /> ® 0 Issue with unit staff/turnover/workload <br /> ® ❑ Issue with auditor staff/turnover/workload <br /> ® ❑ Third-party financial statements not prepared by agreed-upon date <br /> O ❑ Unit did not have bank reconciliations complete for the audit period <br /> ® ❑ Unit did not have reconciliations between subsidiary ledgers and general ledger complete <br /> O ❑ Unit did not post previous years adjusting journal entries resulting in incorrect beginning <br /> balances in the general ledger <br /> O ❑✓ Unit did not have information required for audit complete by the agreed-upon time <br /> O ❑ Delay in component unit reports <br /> O ❑ Software - implementation issue <br /> O ❑ Software -system failure <br /> O ❑ Software - ransomware/cyberattack <br /> O ❑ Natural or other disaster <br /> O ❑ 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 experienced significant turnover in its Finance Department with key personnel with several years of <br /> experience. Additionally, a software issue with its ERP system created significant delays in getting records <br /> prepared for audit when combined with the turnover in key personnel. <br /> Additional Information <br /> Please provide any additional explanation or details regarding the contract modification. <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 />