HomeMy WebLinkAbout2019-224-E Finance - Mauldin and Jenkins audit contract amendmentLGC-205 Amended AMENDMENT TO CONTRACT TO AUDIT ACCOUNTS Rev. 10/2018
Page 1 of 3
Whereas Primary Government Unit
and Discretely Presented Component Unit (DPCU) (if applicable)
and Auditor
entered into a contract in which the Auditor agreed to audit the accounts of the Primary
Government Unit and DPCU (if applicable)
for Fiscal Year Ending DQGRULJLQDOO\GXHRQ
hereby agree that it is now necessary that the contract be modified as follows.
2ULJLQDOGue dateModified due date Modification to GXHdate:
Modification to fee: 2ULJLQDOIee Modified fee
(;3/$1ATION 2) MODIFI(' CONTRACT TERMS
Please provide an explanation for the modification of terms. If the amendPHQW is submitted to extend the due date,
please indicate the steps the unit and auditor will take to prevent late filing of audits in subsequent years.
By their signatures on the following pages, the $uditor, the Primary Government Unit, and
the DPCU (if applicable), agree to these modified terms.
$XGLW5HSRUW'XH'DWH
Orange County, North Carolina
n/a
Mauldin & Jenkins, PLLC
06/02/18 12/01/18
✔12/01/18 03/31/19
The single audit testing was expanded to ensure coverage of all federal and state expenditures.
DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
LGC-205 Amended AMENDMENT TO CONTRACT TO AUDIT ACCOUNTS Rev. 10/2018
Page 2 of 3
SIGNATURE PAGE
AUDIT FIRM
Audit Firm
Authorized Firm Representative (typed or printed) Signature
Date Email Address
GOVERNMENTAL UNIT
Governmental Unit
Date Primary Government Unit Governing Board Approved Audit Contract (Ref: G.S. 159-34(a) or G.S. 115C-447(a))
Mayor/Chairperson (typed or printed) Signature
Date Email Address
Chair of Audit Committee (typed or printed, or “NA”) Signature
Date Email Address
GOVERNMENTAL UNIT – PRE-AUDIT CERTIFICATE
*ONLY REQUIRED IF FEES ARE MODIFIED IN THE AMENDED CONTRACT*
(Pre-audit certificate not required for charter schoolsRUKRVSLWDOV)
Required by G.S. 159-28(a1) or G.S. 115C-441(a1)
This instrument has been pre-audited in the manner required by The Local Government
Budget and Fiscal Control Act or by the School Budget and Fiscal Control Act.
Primary Governmental Unit Finance Officer Signature
Date of Pre-Audit Certificate Email Address
Mauldin & Jenkins, PLLC
Joel Black
jmblack@mjcpa.com
Orange County, North Carolina
Penny Rich, Chair of County Commissioners
prich@orangecountync.gov
n/a
n/a
Gary Donaldson, Chief Financial Officer
gdonaldson@orangecountync.gov
DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
LGC-205 Amended AMENDMENT TO CONTRACT TO AUDIT ACCOUNTS Rev. 10/2018
Page 3 of 3
SIGNATURE PAGE – DPCU
(complete only if applicable)
DISCRETELY PRESENTED COMPONENT UNIT
DPCU
Date DPCU Governing Board Approved Audit Contract (Ref: G.S. 159-34(a) or G.S. 115C-447(a))
'3&8Chairperson (typed or printed) Signature
Date Email Address
Chair of Audit Committee (typed or printed, or “NA”) Signature
Date Email Address
DPCU – PRE-AUDIT CERTIFICATE
*ONLY REQUIRED IF FEES ARE MODIFIED IN THE AMENDED CONTRACT*
(Pre-audit certificate not required for charter schoolsRUKRVSLWDOV)
Required by G.S. 159-28(a1) or G.S. 115C-441(a1)
This instrument has been pre-audited in the manner required by The Local Government
Budget and Fiscal Control Act or by the School Budget and Fiscal Control Act.
'3&8 Finance Officer W\SHGRUSULQWHG Signature
Date of Pre-Audit Certificate Email Address
n/a
DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: 'HFHPEHU
Action Agenda
Item No.G
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To Be Provided at the Meeting –
CURRENTLY AVAILABLE
ELECTRONICALLY AT:
http://www.co.orange.nc.us/732/Finan
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PowerPoint Presentation-Mauldin &
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Attachment 1
DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
Fiscal Year 2017-18
Review and Summary
Gary Donaldson, Chief Financial Officer
December 11, 2018
BOCC Regular Meeting
Attachment 2
DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
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County Funds 1 Beginning of Fiscal Year End of Fiscal Year
General Fund-Unassigned Fund Balance $ 34,527,885 $ 34,439,230
Article 46 Sales Tax Fund $ 3,267,750 $ 3,515,051
Community Development Fund $ 1,784,091 $ 1,777,410
Health and Dental Fund $ 2,159,028 $ 2,769,276
Housing Section 8 Fund $ 141,597 $ 166,439
Emergency Telephone Fund $ 682,821 $ 664,467
Fire District Tax Funds $ 1,154,712 $ 1,412,712
Visitors Bureau Fund $ 655,824 $ 766,785
Spay/Neuter Fund $ 62,771 $ 64,006
Solid Waste Enterprise Fund 2 $ 4,191,824 $ 7,050,502
Sportsplex Enterprise Fund $ 3,579,805 $ 3,580,764
Efland Sewer Operating Fund $ 238,443 $ 297,387
Notes:
1) Beginning Year and Ending Year Reserves for these funds are the fund balances or accumulated amounts for working capital requirements.
2) The Solid Waste Enterprise Ending Reserve increase is a result of the implementation of GASB 74/75 (OPEB reporting) and a related
adjustment to the OPEB liability on the balance sheet of $2.6 million from the Solid Waste Fund to the Government-wide Fund. The Solid
Waste Reserves increase is not due to Operating and/or Profit/Loss performance.
DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
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16.17%
16.84%
16.23%
15.00%
15.50%
16.00%
16.50%
17.00%
FY 2015-16 FY 2016-17 FY 2017-18
Unassigned Fund Balance as % of General Fund Expenditures
Unassigned Fund Balance as Percent of General Fund Expenditures Fund Balance Policy
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DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
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12.79%
12.40%
12.78%
5.00%
10.00%
15.00%
FY 2015-16 FY 2016-17 FY 2017-18
Debt Service as % of General Fund Revenues
Debt Service as Percent of General Fund Revenues Debt Service Policy
DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
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$34,300 $29,976 $9,738 $15,886
$151,391
$437,171
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$-
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$200,000
$300,000
$400,000
$500,000
$600,000
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FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 20
General Fund Investment Earnings
DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
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$10,001 $9,535
$2,939 $2,284
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$100,000
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Solid Waste Fund Investment Earnings
DocuSign Envelope ID: 30062E24-ADFB-4970-B7C6-8C20A27EFE44
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