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5 <br /> 4. Opioid Settlement <br /> 5. Temporary Assistance for Needy Families (TANF) <br /> 6. Public School Capital Outlay <br /> 7. Juvenile Crime Prevention Council <br /> The number of major programs subject to audit varies each year based primarily on (1) the <br /> composition of the County's federal awards and (2) the composition of the County's state <br /> awards. Staff will review further with the auditors the estimated programs to be audited to meet <br /> audit thresholds and standards. <br /> For the current audit year, these requirements resulted in a higher number of major programs <br /> than anticipated when the original $135,000 contract amount was established, leading to the <br /> additional cost. This increase was not the result of missed requirements or a change in audit <br /> standards adopted after contract approval. The auditors expect the number of required major <br /> programs — and associated costs — to decline in future years due to the expiration of COVID- <br /> related funding and the planned increase in federal and state threshold levels to $1,000,000. <br /> The attached Audit Services Contract Amendment increases the FY 2025 cost from $135,000 to <br /> $150,000. The FY 2026 and 2027 audit budgets are expected to be $140,000 and $145,000 <br /> respectively. Staff will present the required annual Local Government Commission audit <br /> contracts for those years at a future Board Business meeting. <br /> Gary Donaldson, Chief Financial Officer, introduced the item and Tim Lyons and Chad <br /> Jackson from auditor Mauldin and Jenkins. <br /> Tim Lyons made the following presentation: <br /> Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> -Na AT Presentation of Audit Results <br /> June 30, 2025 <br />