Agenda - 06-06-2000-8i - Laserfiche WebLink

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1 t. The Auditor shall file with the Local Gavemmrnl Commission two copies of the rcpon of audit, including one copy of the federal Data Collection Farm, if a federal single audit is conducted. Two copies of the report of audit should he submitted if an audit is requited to be performed only under the requirements of the State Single Audit linplemenlation Act or a financial audit is required to be performed in accordance with ~oygr~tment Auditine Standards. Otherwise, one wpy shell be submitted. Copies of the report shall be filed with the Local Government Commission whrn (or prior to) submitting the invoice for the servit:es rendered. All copies of the report submitted tQu~he_ bound. The report of audit, as tiled with the Secretary of the Local Government Commission, bewma a matter of public record for inspection and review jn the offices of the Secretary by any interested parties. Any subsequent revisions to these reports must be sent to ilia Secretary of the Local Govemmant Commission. These audited financial statements arc used in the preparation of O~ciel 5tatemmts Cor debt offerings, by municipal bond rating savitxs, and to fulfill secortdary tttarlcet disclosure requirements of the Securities and Gxcltartge Commission. 12. Should circumstance disclosed by the audit tall for a more detailed investigation by the Auditor than necessity under artlinary - circumstances, the Auditor shell inform the Governing Board in writing of the need for such additional investigation and the - •, additional wmpertsation required therefor. Upon approval by the Secretary of the Local Government Commission, this egtterrtrnt may be varied or changed to include the intrea,cd time andror compensation as may be agreed upon by the Governing Board and the Auditor. - _ 13. if an approved conuaet needs to be vtvied or changed for any trason, the change must be reduced to writing, signed by both panic, presudited if necessary, and submitted to the Secretary of the Local Govtmttmmt Commission for appmvsl.N° change ive u the o v uditor. 14, WbeneveT the Auditor uses an mgagemrnl Itttar with the clier-4 Item 13 may be completed by refaatcing rho rngagetrnent letter end attaching a copy of the engagement letter to the canuact to inwrporate the engaganant letter into the contract In case of conflict bawaxt the terms of the engagement IGler end the turns of this contract, the leans oP this Contract will control. Engagematt letter terms arc deemed to be void unless the conflicting lams of this contract are sptxifit~lly deleted in Item 21 of - this Contrcct. Engagement letters coetaining inttentniflcatian clause will hot be approved by the Local Govattment Commis,ion. - I3. There arc no special provisions extxpt: $~ att3d7ed t3l.gyt3gt~lti let''tex, - 16. A separate contract ~ be made for each division to be audited or report m be subtrtitted. A separates conhact mttst be executed for each component unit which is a local govemmeet and for which a saperste atdft repoR is issued. - .. 17. - 'f he contract should he exaeutt:d and submitted jn triplicate tq the Seaetsry of the Local Government Cortunission, 32S North - Salisbury StteeL Raleigh, North Carolina 27603-f38S. _ 18. Uptm approval, the origirra! contract will be retttrned to dx Gova'mnents! Unit, a copy will be forwarded tb the Auditor, arid a - copy retained by the Setxetery of the Local Govemmart Cotttmission. The_au~it should no~,j~fq~ Ihg, r~ntract is aonroved. 19. There arc no other agrwnettts betwecrt the parties htxeto and no other agrtxmrnts relatives htxeto that shall be enforceable unless - - .. rntered into in ttccordatrcc with the procedtue set out hereirt and approved by the Secretary of the Local Government Cotntnissioa. " ,; f;` .' 20. If this audit rngagemant is not subject to Sa9vs~rttAuditing c.^...t^~~ then Item 5 shall be listed as a deleted provision in - Item 2l. An explanation must be givee for deleting this provision. - 21. All of the above paragraphs cue wtde'stood trnd shall apply to this agreement, except the following ttttmbered paragraphs shall be -_ deleted: (Six Item 14.) • - Lot~+art G.I+kFN~BBt~ - .: ay_ n~lnir_ze ~Trnx~e.~C,~~' sy Oratlae Catniry -- (t+trur typ priest miss) (~ typ. ar print urn. ztabtle- .. (S eat erewure) (simaaae aPL+ItCmt orb ~ a ~itdl Dra ~ ~ Die . Appsored by die Seoesry of the Local Goraaatent ay - Catmtte:sian a proridad in AttiWe 3, l]tapter 159 of the o t (PMate typ. ar prim mmr) - Cemteral Snwhx ar Artiek 31, Part 3, t7tapra 1 l3C of the ' t7attatd Statiutes . - ~ (Sia~htte of Andes Cmtatetn Chsirprrwa) . ~ Fa<da Serrra:y, L.aal Go~amw C Dw (If unit does not have an audit taommieee, this stsaion should be - - (St~snss) ntarked'N/A.') Dare - :~° This imtrutttent has heat preaudited in the manner required by The Local Government budget tdtd Ftsal Conuol Aa yr by the School Budget and Fiscal Control AR GoveromatW IJoit Fiaaatt OHlcer (%tare type err prim ewe) (~ltnMwe) Data - (Pmtudu een;fiaro taw 6e dated.)