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Board approves audit‑services contract amendment covering additional audits and statement preparation
Summary
The finance packet recommended extending and amending the audit contract with Thompson, Price, Scott, Adams & Co., P.A., to add financial statement preparation and cover additional major program audits with a ceiling reported at $78,000.
Pasquotank County staff reported that Thompson, Price, Scott, Adams & Co., P.A. (TPSA) was the only bidder for audit services and that the contract scope was expanded last year to include preparation of financial statements. Staff told the board the auditors reviewed five major programs and recommended an increase in fees to cover additional program audits; the Finance Committee recommended approving an amended contract with a ceiling reported at $78,000 (Medicaid program audit cited at $6,000).
The audit‑services action was included in the consent agenda and approved with the consent motion. The county noted that changes in the State Treasurer’s Office require audit contract amendments be submitted to the Local Government Commission for invoice approval; departments will work with TPSA and the LGC for invoice handling and program audit delivery.
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