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HomeMy WebLinkAboutOTHER-2026-001-Presentation of Annual Comprehensive Financial Report for FYE 6302025 and Attachment 2 / LGCw205 Amendment AMENDMENT TO CONTRACT TO AUDIT ACCOUNTS Rev. 08/2025 Whereas Primary Government Unit Orange County and Discretely Presented Component Unit (DPCU ) (if applicable) and Auditor Mauldin & Jenkins, PLLC entered into a contract in which the Auditor agreed to audit the accounts of the Primary Government Unit and DPCU (if applicable) Fiscal Year Ending Date for and originally to be I06/30/25 submitted to the LGC on 112/31 /25 hereby agree that it is now necessary that the contract be modified as follows . Original date Modified date © Modification to date submitted to LGC 12/31 /25 02/ 12/26 Original fee Modified fee © Modification to fee $ 135 , 000 . 00 $ 1501000000 Primary other Reason(s) for Contract Amendment (choose 1 ) (choose 0-2) 0 ❑✓ Change in scope 0 ❑ Issue with unit staff/turnover/workload 0 ❑ Issue with auditor staff/turnover/workload 0 ❑ Third-party financial statements not prepared by agreed -upon date 0 ❑ Unit did not have bank reconciliations complete for the audit period 0 ❑ Unit did not have reconciliations between subsidiary ledgers and general ledger complete 0 ❑ Unit did not post previous years adjusting journal entries resulting in incorrect beginning balances in the general ledger 0 ❑ Unit did not have information required for audit complete by the agreed-upon time 0 ❑ Delay in component unit reports 0 ❑ Software - implementation issue 0 ❑ Software - system failure 0 ❑ Software - ransomware/cyberattack 0 ❑ Natural or other disaster p ❑ Other ( please explain ) Plan to Prevent Future Late Submissions If the amendment is submitted to modify the date the audit will be submitted to the LGC , please indicate the steps the unit and auditor will take to prevent late filing of audits in subsequent years . Audits are due six months after fiscal year end (ten months after fiscal year end for housing authorities ) . Indicate NA if this is an amendment due to a change in cost only. Late Release of 2025 Compliance Supplement. Additional Information Please provide any additional explanation or details regarding the contract modification . Fee adjustment due to additional programs required to be audited as major for the County's Single Audit. The original engagement letter fee included five (5) major programs whereas the composition of the County's federal and state expenditures required seven ( 7) programs to be audited. By their signatures on the following pages , the Auditor, the Primary Government Unit, and the DPCU ( if applicable) , agree to these modified terms . Page 1 of 3 LGC =205 Amended AMENDMENT TO CONTRACT TO AUDIT ACCOUNTS Rev. 08/2025 SIGNATURE PAGE AUDIT FIRM Audit Firm * Mauldin & Jenkins , PLLC Authorized Firm Representative* (typed or printed ) Signature * * Timothy M . Lyons Date* Email Address 12/ 15/25 tlyons@mjcpa . com GOVERNMENTAL UNIT Governmental Unit* Orange County Date Primary Government Unit Governing Board Approved Amended Audit Contract* (if required by governing board policy) I Or lb a as �0 Mayor/Chairperson ` 1typed or printed ) Sig ������, [Fat 8mail Address a, ne 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 hospitals) 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 * Page 2 of 3 LGCw205 Amended AMENDMENT TO CONTRACT TO AUDIT ACCOUNTS Rev. 08/2025 SIGNATURE PAGE — DPCU (complete only if applicable ) DISCRETELY PRESENTED COMPONENT UNIT DPCU Date DPCU Governing Board Approved Amended Audit Contract (if required by governing board policy) DPCU Chairperson (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 hospitals) 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. DPCU Finance Officer (typed or printed ) Signature Date of Pre-Audit Certificate Email Address Page 3 of 3