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.lanuary 7. 7009 <br />City of Geni Lake. <br />Came 5 <br />copies of selected audit documentation to the aforementioned parties. These parties nmy Intend, or decide, to <br />distribute the copies or information contained therein to others. including other governmental agencies. <br />The audit documentation forthis engagement will be retained for a minimum of seven years after the :report <br />releasedate or for any additional period requested by the an oversight agency. If we are aware thata federal <br />awarding agency ot` auditee is contesting an audit finding. «e will comae( the ail ]es contesting the audit <br />finding for guidance prior to destroying the audit documentation. <br />Government Awliring-Siamlurrk require that we provide you with a copy of our most recent external peer <br />rcvie.w report and any letter of cominent . and .any :subsequent peer review. reports and letters of `comment <br />received dining ilie perrod of the coitract Our 2007 peer review report accompanies this lelter- <br />Use of financial statements <br />If you and your management intend toreproduce and publish the financial.. statements and our report thereon, <br />they must be reproduced iri Their entirety: Inclusion of the audited financial .statements in a .document you <br />prepare. such as an annual report, should be clone only with our prior approval of the doctiment.. <br />Dispute resolution <br />The followingprocedures shall be used to resolve any disagreement,controversy or claim That may arise out <br />of any aspect of our services or relationship with you, including lllis engagement, for any reason ("Dispute') <br />Specifically, we agree to first mediate and,if unsuccessful, then arbitrate all Disputes between us, including <br />without Iin]itation.any issue concerning the extent towhich any Dispute is subjectto arbitration. any Dispute <br />concerning this agreement, the limitations of remedy provided by this agreement, or. claims for bread] of <br />contract, negligence, fraud.fiaud in the inducement, breach of fiduciary duly, violation of statute and any <br />outer cause of action or remedy <br />Mediation <br />AM Disputes between lis shall first be submitted tonon-binding mediation by written notice ("Mediation] <br />Notice') tothe other party In .mediation, we will work with you to resolve any differences voluntarily with <br />the aid of an impartial mediator. The mediator will be selected by mutual agreement, but if we cannotagree <br />on a. mediator, one shall be designated by the American Arbitration Association ("AAA-). <br />The mediation willbe conducted as specified by the mediatorand agreed upon by the parties The parties <br />agree to discuss their differences in good, faith and 10 attempt. with the assistance: of the mediator, to:reach an <br />amicable resolution of the Dispute <br />Eachparty will bear its own costs in the mediation, The fees and expenses of the mediator will be shared <br />equally by the parties <br />Arbitration <br />If any Dispute has not been resolved within ninety (90) days after the written mediation notice, the mediati0l] <br />shall tern -dilate and the Dispute: will be settled byarbitration . The ai-bitrntion-will be conducted in.accordailce <br />with .the procedures in this doc.unient and.. the Arbitration Rut.es of the. Dispute: Resolution .Rules !ar <br />