BC 1950 11 06 - Laserfiche WebLink

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STAND~ FORM OF CONTRACT FOR AUDIT OF LOCAL GOV~tNME~ UNITS- · AGREEMENT, Made this 6th day of, November 1950 in accordance with the re~ uire- ~ents f the Public Laws of North Carolina between Frank P ~uck Company of 0oncord, hbrth Carolina her~in fter known as the Party of the First part, and Board of County Commissioners of The County of Cabarrus North molina hereinafter known as the Party of the Second Part. .. IT IS AGREED that the Party of the First Part shall conduct an audit f the accoun s and records pertaining to the following funds and/or divisions of the 'arty of the Second Part: General Fund; Old Age Assiata~nce and Aid to Dependent Children Fund; Hospital Maintenance Fund; Hospital Debt Service Fund; Interest and ?~Sinking Fund; Sinking Fund; Parking Meter Fund; and School Fund; Hospita Building and Equipment Fund; and School Building Fund for t ~ period beginning July l, 1950 and endijg J. une 9, 1951 in accordanc~ wit h the Standm d Program of ~ddit Procedure attached hereto and made a part of this cont;ract. (Authozity for elimination or ~ariations from the Standard Program of Audit Pro¢.~edure must be obtained by the Governmental Unit from the Director of Local Government in w~itin be£oge a contract is executed and such eleminations, when approved by t~ · Direct r of Local Government must be stated hereunder with reference to the par~igraph number designated in said Standard Program of Audit Procedure.) 2. Party of the First Part agrees that the services he has contracted to ~rform under his contract shall be rendered by or under the personal supervision of c¢impetent i accoun ants who will faithfully perform their work withcare and diligence and r~ )ort ali irregularities, omissions and discrepancies in the accounts of the Party of the Second Part. 3. It is understood and agreed that should unusual conditions arise wher~ by the services of the Party of the First Part are necessary beyond the extent of the ork con templa~ed and required urger the ~tandard Program of Audit Procedure such unmsu I con- dition shall be referred to the Party of the ~econd Part w~ shall instruct s~id Party of the First Part concerning such additional services which shall be subject to the approval of the Director of Local Government. 4. The Audit shall be started as soon after this contr ~ct is executed an, approv d as is greeable to the Parties hereto and shall be completed a written report t ereon r ,~n- dered ithin a reasona01e time after the close of the fiscal period covered by .his con ;tact One cc y of said report shall be filed with the Director of Local Government. 5. ~n consideration of the faithful performance of the conditions covena ~ts and undert~ kings herein set forth the Party of the Second Part agrees to pay to the Party o the F~ st Part upon approval by the Director of Local Government a fee of Senior Accountant (C.P.A.) $25.00 per day ~-. Junior Accountant $15.00 per day Total 'es for Ennual Audit not to Exceed $1,000~00i