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NORIt] CARBLIMA <br /> <br />MEMORANDUM <br /> <br />To: <br /> <br />From: <br /> <br />Date: <br /> <br />Subject: <br /> <br />Board of Commissioners <br />Blair Bennett ]9)]~//' <br />January 13, 1997 <br /> <br />Renewal of Audit Contract <br /> <br />Our current auditing firm, Potter & Co., has agreed to perform the t997 audit at a cost of $28,500. <br />This represents no increase over the past year and would be the third year in a row with the same <br />fee. The main reason we have been successful in controlling this cost is because we prepare the <br />Comprehensive Annual Financial Report (CAFR) in-house. We have been using this firm for seven <br />years and have developed a business relationship that is conducive to the type of continuity needed <br />between our staff and the auditing firm. They perform many other governmental audits and they <br />receive the necessary training to maintain their expertise in the governmental auditing area. <br /> <br />Please find below some of the auditing fees for other governments. <br /> Audit Fee <br /> <br />Cabarrus County <br />City of Concord <br />Alamance County <br />Catawba County <br />Davidson County <br />Gaston County <br />Iredell County <br />New Hanover County <br />Onslow County <br />Orange County <br />Pitt County <br />Randolph County <br />Robeson County <br />Rowan County <br />Union County <br />Wayne County <br /> <br /> Populaion <br />$28,500 112,000 <br />45,500 39,268 <br />39,000 112,523 <br />33,900 119,837 <br />41,800 132,000 <br />51,915 176,856 <br />31,900 98,452 <br />65,000 123,309 <br />46,000 150,713 <br />58,250 101,826 <br />40,000 107,924 <br />27,000 106,546 <br />34,000 105,179 <br />26,350 110,605 <br />39,000 84,211 <br />49,430 104,666 <br /> <br />I am requesting your approval for contracting with Potter & Co. for fiscal year ending 6/30/97. <br />Thank you for consideration of this matter. <br /> <br /> <br />