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~'nde~d All copies of' the rupon submitted 11~. The t~pon of sudlt, es filed with the S~tar~ of' the local Govemmant Commission, becomes a mal~e~ of' public mcurd for mspuctlon and ~-vrew in the officos of the Secrc~ by any inte~sted pafllas. Any suhe~quent ~-vislmu to these repuFts must be sent to the Secruta~ of the Local Government Commission These andflgd financial statement] am used m the pr~parutton of Of~mal Stat~nants tm' deb( afire'mSs, by monlclpul bond tuareg services, and m fulfill secuudm7 market disclosure n~lUb'emants of the Securities and Exchange Conunleslon. 12 Should clrconumnee~ dtscinsed by the audit call for a more dc~mled invesUpbon by the Auditor than necessary undm' ordinary circumstances, thc AUdflor shall inform the Govgmln$ Board in wrmn$ of the noed for such eddiUoonl invutiSnt~on and the edth,onal compenan~on mqmred the~ct'or Upon approval by the Sec~ctary of the local Gov~minent Comm~sion, this aSr~'emcut may be vmed or chanled to include the iec~ased tune and/or compmuauon as may be ag~ed upon by the Govemmi Board and the Auditor 13 If' an approved contmc~ needs to be vaned or chanSed for any ~eson, the change must be reduced to writing, alined by both parties, preaudtted i£oecessery, and submitted to th~ Secrotm'y of'the t~al Govonunent Conumasmn for approval No chanae shall be effective unless am~mved by the Secretmw of'the Local Cmvemrnent Commtismn. the Goveflun~ Board. and the Auditor. 14 Whenever the Auditor uses an mpltement letler with the client, limn 15 may be completed by ref'e~nc~ott the msasemem Icttor and atmchmg n copy of' the enftaserecot Inter to the con~ect to mcurpu~t,' the ~nsasemont learn' into the cefltru~ In case of' conflict between the terms of' thc engasement letter and the reties of thu contrec~ the terms of this contract Mit control. Engagement Inter ter~s nrc decmed to be void mOm the confllctmg tn'ms of'this contract n~ specificaJly deletud m Item 21 of this contract. Enp$cment letten cofltmning mdenmlficanon clauses will not be approved by the Local Government Commission 16 17 18 19 20. 21 22. Thtq~ nl~ no special p~ovmons excolX: A separate contract should not be made f(~ each thvmon to be audited or repoFt to be submfltod. A separute contract mus~ be executed f'or each component unit which is a lanai government and for which a sepuratc audit z~ is tesued. The contract should be executed and submitted in u4nlicate to the Secreter7 of the Loee~ Govm'nmect Commission, 325 North Salisbury Smut, Raleigh, North Cnmlma 27603.138~. Upon approval, the o~nal contact will he ~tumed to Otc Gow-nu~ante~ Umt, a copy w~ll be forwasdcd to the Auditor, and a copy t~amed by the Secretary of' the Local Govm'nmant Commimico. The audit should not be stand before the enntm~ is Thc~ are no other eSreemeots between the pomes bemto and no otbeF agreemante relative her~:to that shall be enforceable unless entc~d mtn in accordance Mth the procedure set mit berlin and approved by the Sccretary of' the Local Govcnunent Commission l£Ous audit enpsemem is not subject to Government Audflina Standards. than Itom $ shall he lis~d as e delcted pmvmon m Item 21 Afl explanation must he Swen for deletmg tins provmon All ortho above parnpaphs nm understood and shall apply to this asx~emenL except t]~ following numbered pamgrnph~ shall be del~ad (See Itom 14,) Will Ihe audited financial statements be prtpumd in accordnnee with GASB Statement No. 347~-J YES.~NO If the audfled financial statements are prepered in accordance with GASB Statement No. 34 the references in Item I to the combining, Indi*ldnal fund, and account troup statements shall musn the basle financial etatomen~ manalement~s discuaslon and analysis, and required supplementary statements an defined in GASB Statemenl No. 34. Auditmg proeeduree applicable to other supplementary schedules are nat chortled by the implementation of GA.qB Statement No..34. Date 3 ', 7.~ Approved by the Secr~a~ of' the Local Gov~nment Commusmn ns p~ov,ded in Amcle 3, Chapm' 159 of the C.*e~em[ Slatut,''* or Article 31, Pm't 3, Chap~m' 11SC of the General Stalmes For the Secmtar,/, Local Govemmont Commission (Signature) Date