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2 <br /> LGC-205 Form A CONTRACT TO AUDIT ACCOUNTS Rev. 02/2026 <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, PLLC <br /> Auditor Address <br /> 3301 Benson Drive, Suite 102, Raleigh,NC <br /> Hereinafter referred to as Auditor <br /> for Fiscal Year Ending Date Audit Will Be Submitted to LGC <br /> 06/30/26 12/31/26 <br /> Must be within six months of FYE <br /> hereby agree as follows: <br /> I_ The Auditor shall audit all statements and disclosures required by "U.S. Auditing Standards—AICPA <br /> (Clarified)," referred to as generally accepted auditing standards (GAAS) and additional required legal <br /> statements and disclosures of all funds and/or divisions of the Governmental Unit(s). The non-major combining, <br /> and individual fund statements and schedules shall be subjected to the auditing procedures applied in the audit <br /> of the basic financial statements and an opinion shall be rendered in relation to (as applicable) the governmental <br /> activities, the business-type activities, the aggregate DPCUs, each major governmental and enterprise fund, <br /> and the aggregate remaining fund information (non-major government and enterprise funds, the internal service <br /> fund type, and the fiduciary fund types). Budgetary comparison information shall be prepared in accordance with <br /> applicable GASB standards. Budget-to-actual comparisons at the level of the legally adopted budget ordinance <br /> shall be presented as required supplementary information and shall not be included in the basic financial <br /> statements. Any other budgetary comparison information shall be presented only as supplementary information <br /> for funds required to be budgeted under NCGS Chapter 159, Article 3. <br /> 2_ At a minimum, the Auditor shall conduct the audit and render the report in accordance with GARS. 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 the audit in accordance with Generally Accepted Government <br /> Auditing Standards (GAGAS). The Governmental Unit is subject to federal single audit requirements in <br /> accordance with Title 2 US Code of Federal Regulations Part 200 Uniform Administration Requirements, Cost <br /> Principles, and Audit Requirements for Federal Awards, Subpart F (Uniform Guidance) and the State Single <br /> Audit Implementation Act. Currently the threshold is $1,000,000 for federal and state single audits, or such other <br /> threshold as applicable for the fiscal year under audit. This audit and all associated audit documentation may be <br /> subject to review by federal and State agencies in accordance with federal and State laws, including the staff of <br /> the Office of State Auditor (OSA) and the Local Government Commission (LGC). If the audit requires a federal <br /> single audit in accordance with the Uniform Guidance (§200.501) the Auditor and Governmental Unit(s) should <br /> discuss, in advance of the execution of this contract, the responsibility for submission of the audit and the <br /> accompanying data collection form (form SF-FAC) to the Federal Audit Clearinghouse as required under the <br /> Uniform Guidance (§200.512) to ensure proper submission. <br /> If the audit and Auditor communication are found in this review to be substandard, the results of the review may <br /> be forwarded to the North Carolina State Board of CPA Examiners (NC State Board). <br /> Page 1 <br />