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<br />i e e ~ <br />j- <br />! [ <br />I <br />t Professional <br />! <br />! <br />. We are <br />I Fees [ <br />! <br /> generally <br /> The cost of the annual audit is slightly higher ( <br /> obviously an important part of the than our <br /> evaluation process. However, it is competitors, <br /> important to remember that a~hough We believe we I <br /> the work products the City receives are the best <br /> should be relatively the same, the value value, but r <br /> seldom are we <br /> "the product should be the lowest cost. <br /> the same but the value <br /> may be substantially We encourage your phone calls and <br /> that philosophy is reflected in our f <br /> of the audits may be substantially , <br /> billing policy. We take a vested interest I. <br /> I.. <br /> different. in each of our clients and we are <br /> available to help, Routine phone calls . <br /> Our recommendations for fine tuning and other incidental consultations <br /> any number of aspects of the City's through out the year are absorbed in r <br /> ~, <br /> operations could produce benefits far our estimated fee, :: <br /> in excess of the audit fee. <br /> <br /> <br /> <br />. .' - <br />"" -. <br /> <br />'.~ .... :: :.'.:_~'.' ":-.. ~:..' <br /> <br />. ~ - .' -0- .. <br />. ;: ~ -' . -. <br />. . ~-~, :: . <br />.'. . <br />.~. ~"~..:_~~i.,:. ". : <br />-: '-r_..::~ ':;:_ <br />...-' :". ." '. <br /> <br />I <br />! <br />I <br />! .... <br /> <br />l'~~;'i'~~~~,::~::, <br />I": .:: :..~~i:.:::;~~;~ii..;~~~" ". <br />I- (:f~~~~,X~?< <br /> <br /> <br />I . _, . - . . <br /> <br />. : :..- ," <br />. ........i. or: ". <br /> <br />_. <br />. .. - . <br /> <br /> <br />Fec Estimate i <br />I <br />LCHI of Staff Hours Rate Total i <br /> <br />.\ <br /> <br />Principals (ownen) 30 $150 <br />Senior manager 110 125 <br />Senior accountant 90 90 <br />Staty accountant 90 65 <br />Other Support 10 50 <br />TOTAL 330 <br />Out of pocket expenses <br />Discount <br />TOTAL COMMITMENT <br /> <br />OPTION A <br />At the request of the City, we <br />$4,500 can prepare the City another <br />13,750 award winning CAFR. The cost <br />8,100 of report preparation, of the <br />5,850 financial statements, notes, and <br />500 all required supplementary <br />J2,700 schedules, including typing of <br />300 the camera ready copy of the <br />33,000 master copy of the entire CAFR <br />2,000 is not included within our base <br />$:31 000 bid. Such costs are included <br />, <br />separately as Option A. <br /> <br />Total all-inclusive not to exceed fees for the years <br />ended 1998, 1999 and 2000 are 531,000,532,000 <br />and 533,000, respectively. The above fees do not <br />include Option A for an additional ,500. <br />~: <br />. "".1 ~.~I'. <br />'-".! ~~. i <br />.~~~ <br /> <br />