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4 <br /> industry has experienced a significant decrease in audit firms with the capacity to provide audit <br /> services of the quality required by the County. <br /> The attached Audit Services Contract Amendment increases the FY 2024 cost from $120,000 to <br /> $135,000. The FY 2025, 2026 and 2027 audit budgets are expected to be $135,000, $140,000, <br /> and $145,000 respectively. The County will be required to submit annual Local Government <br /> Commission audit contracts for Board approval through the amended audit engagement period. <br /> Gary Donaldson, Chief Finance Officer, reviewed the background information for this <br /> item. He introduced LeAnn Bagasala of Mauldin and Jenkins, and she made the following <br /> presentation: <br /> Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> AA Presentation of Audit Results <br /> June 30,2024 <br /> Slide #2 <br />