Sample contract

Description

The Cumberland Housing Group Cumberland Housing Alliance, Inc. Housing Authority of the City of Cumberland Contract for Audit Services THIS AGREEMENT, entered into as of the 20th day of January, 2027 by and between the Cumberland Housing Group consisting of the Housing Authority of the City of Cumberland, State of Maryland, (hereinafter referred to as the Public Housing Agency), and the Cumberland Housing Alliance, Inc. and insert contractor name (hereinafter referred to as the “Contractor”), WITNESSETH: WHEREAS, the Public Housing Agency has entered into a contract (contracts) with the United States of America acting through the Department of Housing and Urban Development (hereinafter referred to as the “Government”) for financial assistance for low-income public housing pursuant to the United States Housing Act of 1937, as amended, 42 United States Code Section 1437 et. seq; and WHEREAS, pursuant to said contract (contracts), the Government and the Comptroller General of the United States or his duly authorized representatives have the right to audit the books and records of the Public Housing Agency pertinent to its operations with respect to such financial assistance; and WHEREAS, the Government has authorized the Public Housing Agency to procure such an audit by an Independent Public Accountant in lieu of audit by the Government; and WHEREAS, Public Housing Agency desires the Contractor to conduct and perform such an audit; NOW, THEREFORE, the Public Housing Agency and the Contractor do mutually agree as follows: 1. The Contractor shall audit the accounts and records of the Public Housing Agency for the 12month period ending March 31, 2027. The Audit shall be performed in accordance with generally accepted auditing standards and the auditing and reporting provisions of the applicable HUD Audit Guide for the low-income housing program for use by Independent Public Accountants, herein referred to as requirements of the Single Audit Act of 1984 and OMB Circular A133, including all revisions. The audit performed shall be sufficient in scope to enable the Contractor to express an opinion in the audit report on the financial statements of the PHA. The auditor will be required to perform the audit to meet the GAAP reporting requirements as established by HUD’s REAC division and submit all reports as required via computer. 2.