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On,is 24TH , POST OFFICE BOX 10647 CONTRACT TO AUDIT ACCOUNTS of UABARRU$ COUNTY, NORTH CAROLINA dayof AYRIL , 2001 , CRERR¥, BF, KAE. It~ & HOI~, L.L.~',. GASTON~A~ NC 28053-1061+ · hcmitmtl~r rnf~red ~o as , h~iuaflu ~£nrred I. The Auditor shall audit all statements and disclosures required by generally accepted accounting print{plea and additional requ}rod legal statements and disclosures oF all Funds and/or divisions of the Governmental Unit for the pealed begJunlng JULY 1 ., 2000 , and ending JUNE 30 2001 . The combining, indivldusl fund, and account group financial stalements and schedules shall be subjected t~ the auditing procedures applied in the audit of the combined financial utalementa and un opinion v/iH be rendered in relation to the combined finanufnl statements taken os a whole. 2. At u minimum, the Auditor shall conduct his audit and render his ~eport in accordance with generally accepted uudiiing standards. The auditat shall perform the audit in accordance with Government Audifin~ Standards if roqulted by the State Single Audii Implementation Act, as codified in 0.$~ 159-34. If required by OMa Circular A-133 and the State Single Audit Implementation Act, the auditor shall perform a Single Audit. 3. ~7ff$ COnlroct contemplates all Itttq~tdiJ]¢d opinion being rendered. If financial slalementu ascot preparod in a~ccordanos wilh generally accepted accounting principles {OAAP), or the statements fall to include all disclosures requited by GAAP, explain that departure fi'om OAAP In the spare below: 4. ITd~t confract contemplates an unqualified opinion bel.g rendered. ~e audit shall inclMe such tts~ of the accounting ~rds and such other auditin8 ~u~ ~ sro considet~ by the Audltar to be n~ in the ci~u~nc~., dny limifat~on~ ~riclion~ hi ~cope w~lch I~uM lead Io a qual~catio. ~houM be fully ~latned ia an mt~hm~t to this contract. ~e audit will bave no ~pe limitations ex.pt: 5. Ir this audit engagement is ~bjeat lo thc a~dardm for audit ~ defin~ in the Government Auditin~ Standards. i~u~ by the ~uire~n~ for a pee~ review and ~atinuJng ~ucalion as specifi~ in the Oovem~nt Audiline Standards. ~e Auditor Commi~ion ~ ~ the ex~ulion of ~e and{I conical (See ll~ 20.) 6. It is a~ that time is ~flhe ~n~ in this conlmcL All audits ae to be p~o~ ~d ~e ~po~ of audit ~bmlti~ by OCTOBER 3[ , 2001 7. It is a~re~ that generally accept~ auditing s~ds include a revi~ of the Oovemment~ Unit's ~em of int~al ~at~l and a~ounl}ng as ~ ~elatea to aeaoun~bifity of thnds and adbetmce to bud~t and law ~ut~n~ appii~ble thegn; ~at Auditor will ~ke a wdttan ~ which ~y os ~y nol be a ~. o~the ~fitan ~. ofandit, to the Governing Bo~ fotlh his finding, t~e~er with him ~m~ations rot {mprov~n~ ~ wtitl~ ~e~ must include all matters defln~ "repo.able conditions" in AU 325 oF the AICPA PtoFe~ional Slanders. ~e Audilor shall ~ie a ~ov of that re~ with the 8. Afl Ionsl govemmenl and pub]it authority ~nttacls for annual or s~ial audil~, bao~eping or other a~Jst~ce neeessa~ Io p~pare the Unil's ~o~s for a~il, financial sta~ment preparation, any flnan~-relal~ in~tigationm, or ~y nih. audit-~lat~ work in lhe Stale of North ~roli~ ~ui~ the appm. I o~ the Secreta~ o~ the Local Govem~nt Co~i~ico. Invoic~ for sc~ices rmadcr~ under thee cenlrac~ shal} not ~ uald bv the Governmental Unit until the invoice h~ ~en auo~v~ bv the ~retarv oF Ihe Local Government Commission. ~is also includ~ any urom~ss bilfines. I All invoic~ should ~ submi.~ in triplicate Io the ~ec~tary ef~e ~al Gov~nt ~o~i~ion. ~e original and one copy will be return~ ~ the Auditor. A~mval is nol r~ui~ co ~nlmc~ and in~ic~ for s~lem }mp~ve~ts and almil~ s~ic. ora non-a~ifing naturo. 9. In consld~tian o~ the ~{sfanta~ ~ffo~n~ of the provisions of this a~e~L the ~e~nal Unit shall ~y Io the Auditor, u~n approval by the Se~ta~ of the L~al Oo~m~at Commi~ion, ~ followine f~ which includ~ ~y ~at th3 Aedilot may incur from work ~r or p~t ~views ot any other qualiW ~ pru{~ ~ui~ by thi~ ~rtiu (F~e~ ~d 5~te ~t~ and oversi~t agendea os o~ org~i~tions} u ~qui~ und~ the F~I ~d S~te Single Audit A~ Audit- ~36.000 (~ROGRES5 BILLZNO II. PrepurullanoftheflnJndnlstntementa $1,000 (INCLUDED IN $31+,000 TOTAL AUDIT FgE) Afler completing his audit, the Auditor shaft submit ta thc Governing Boaxd a written report of uudiL This report shah include, at ' least, the finsn~}al stat~-n~.-nta of the governmental unit and ali of itu compo, ent un{l~ and notea thereto prepared in accordance with generally acanpted accounting pfinc{p{e~, comb{nih8 and supp{emcctary information requested by the client or required for fu{{ disclosure under the la>v, and file and{tot's opinion on the material presented. 'l'i~e Auditor shall Furnish the required number of copies ol'the report of andit to the Oovem}ng Board a~ soon as pra¢iica{ after the close of the accounting period. The Auditor shall file with tile Local Onvemment Conunisaion two copies of the report of audit, including one copy of the federal Data Colleefian Fon~, if a federal single audit is ~onducted. Two copies of Ihe report of audit should be submined if an audit is required to be performed only under the requiremenLm of the State Single Audit Implementation Act or a financial audit is requi~ed to be performed in accordance wilh Government Auditine Standards. Otherwise, one copy shall be submitted. Copies of the report shall be filed with the Local Covemment Commission when (or print to) submitting the invoice for the services