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Contract - Auditing Services
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INFORMATION CONTACT:
Beverly Liles, Finance, Director, 704-283-3675
ACTION REQUESTED:
Authorize 1) the County Manager to negotiate an agreement substantially consistent with this agenda item; 2) the Chair to the Board to execute an agreement substantially consistent with this agenda item; 3) the County Manager to exercise any renewal or extension term options set forth in the Agreement and terminate the Agreement if deemed in the best interest of the County, in the County Manager’s discretion.
PRIOR BOARD ACTIONS:
1) April 18, 2022, Regular Meeting, Agenda Item #22-212 - Approved FY22 Financial Audit Contract
2) May 5, 2023, Regular Meeting, Agenda Item #23-236 - Approved FY23 Financial Audit Contract
3) April 1, 2024, Regular Meeting, Agenda Item #24-209 - Approved FY24 Financial Audit Contract
4) March 17, 2025, Regular Meeting, Agenda Item #25-136 - Approved FY24 Financial Audit Contract
BACKGROUND:
Through Request for Proposals #2022-039 Auditing Services, Cherry Bekaert, LLP was awarded the financial audit contract to provide auditing services for Union County. As required by the North Carolina Local Government Commission (LGC), the auditing contract must be awarded on an annual basis with approval from the Board of Commissioners. This request is to award a contract to Cherry Bekaert, LLP to perform the financial audit of Union County's accounting records for FY 2026. The Finance Department has utilized the contractual services of Cherry Bekaert, LLP for auditing services since April 2022. The firm has been effective and efficient in meeting our service needs, and we are requesting to continue this service for the fiscal year 2026 financial audit.
FINANCIAL IMPACT:
The anticipated annual cost for this service is $154,000 and is budgeted accordingly for FY2026.