2003-01-08 CC Packet - Laserfiche WebLink

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City of Centerville December 19, 2002 Page Three Audit Administration, Fees, and Other We understand that your employees will prepare all cash or other confirmations we request and will locate any invoices selected by us for testing. Our fee for these services will be at our standard hourly rates plus out-of-pocket costs (such as report reproduction, typing, postage, travel, copies, telephone, etc.). We estimate that our gross fee, including expenses will be approximately $9,800. This estimate is based on completion of our year end accounting checklist by City staff. Our standard hourly rates vary according to the degree of responsibility involved and the experience level of the personnel assigned to your audit. Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. In accordance with our fIrm policies, work may be suspended if your account becomes 90 days or more overdue and may not be resumed until your account is paid in fulL If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate before we incur the additional costs. We appreciate the opportunity to be of service to the City and believe this letter accurately summarizes the signifIcant tern1S of our engagement;Tfyouhave,~ny questions, please let us know. If you agree with the terms of our .engagement asdesctiQedil1' this letter, please sign the enclosed copy and return it to us. Sincerely, ABDO, EICK & MEYERS, LLP CertifIed Public Accountants Jb,- 1VIJJurJt( Steven R. McDonald, CPA RESPONSE: This letter correctly sets forth the understanding of the City of Centerville. By: Title: i?'''~-~\ t1 1 L;'t\ 1..~-';j 1, i~ ~'rHd 1 ~'-"':';,.~ ~ d ~ '" \.J """.l .1"'''' "i=<,\\ r ,(, i\"4 ,l.,"";'t ;~..v 0~ & i Date: