| Summary: | Per North Carolina General Statute Section 159-34, the contract with the financial auditor is between the Board and auditor, and therefore must be approved by the Board. The contract under consideration is with the firm of Rowell , Craven and Short, PA to provide an audit, as required by North Carolina Statutes, of the financial statements for the year ended June 30, 2017. The expected cost of the FY2017 audit is $20,950 (which is within the proposed budget line item). The engagement letter and contract are attached. Local Government Commission Approval is required for all contracts for audit services, following approval by the Board. The audit report is due to the LGC on October 31, 2017.
|