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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 17, 2025 <br /> Action Agenda <br /> Item No. 8-n <br /> SUBJECT: Approval of North Carolina Local Government Commission Audit Contract with <br /> Mauldin & Jenkins, LLC <br /> DEPARTMENT: Finance and Administrative Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Local Government Commission Audit Gary Donaldson, (919) 245-2453 <br /> Contract <br /> PURPOSE: To: <br /> 1) Authorize a contract with Mauldin & Jenkins, LLC to perform full FY 2025 audit services <br /> which includes financial, single audits and financial statement preparation; and <br /> 2) Authorize the Chair and Finance Officer to sign the North Carolina Local Government <br /> Commission audit contract on behalf of the BOCC pending staff and attorney review. <br /> BACKGROUND: The North Carolina Local Government Commission (LGC) requires that all local <br /> governments receive State approval for audit contracts. <br /> The audit fee covers six (6) major Federal and State programs and completion of the Annual <br /> Comprehensive Financial Report (ACFR). The engagement of the audit firm, Mauldin & Jenkins, <br /> LLC, is for completion of the FY 2025 audit. <br /> The FY 2025 audit services will encompass a financial and compliance examination of the <br /> County's Annual Comprehensive Financial Report (ACFR) in accordance with the laws of the <br /> State of North Carolina and preparation of the financial statements. The financial and compliance <br /> audit will cover federal, state and local funding sources in accordance with the Federal and State <br /> Single Audit Acts; applicable laws and regulations; and generally accepted auditing standards. <br /> Pursuant to Board approval at the February 20, 2025 Business meeting, two renewal options will <br /> remain available after this FY 2025 audit engagement. <br /> FINANCIAL IMPACT: Funds are sufficiently budgeted for the audit contract in the amount of <br /> $135,000. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 6: DIVERSE AND VIBRANT ECONOMY <br /> RECOMMENDATION(S): The Manager recommends that the Board: <br /> 1) Authorize a contract with Mauldin & Jenkins, LLC to perform full FY 2025 audit services <br /> which includes financial, single audits and financial statement preparation in the amount of <br /> $135,000; and <br /> 2) Authorize the Chair and Finance Officer to sign the North Carolina Local Government <br /> Commission audit contract on behalf of the BOCC pending staff and attorney review. <br />