O-1998-2282 - Laserfiche WebLink

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e e City of La Porte, Texas August 26, 1998 Page 4 Our fees for these services will be based on the actual time spent at our standard hourly rates, plus travel and other out-of-pocket costs such as report production, typing, postage, etc, We estimate our fees including out-of- pocket costs will be $31,000, $32,000, and $33,000 for the years ended September 30, 1998, 1999, and 2000, respectively. 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 within 30 days. The above fees are 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 before we incur the additional costs, Government Auditing Standards require that we provide you with a copy of our most recent quality control review report. Our peer review report accompanies this letter. Because many computer systems use only two digits to record the year in date fields, such systems may not be able to accurately process dates including the year 2000 and after. The effects of this problem will vary from system to system and may adversely affect your operations as well as the ability to prepare financial statements, An audit of financial statements conducted in accordance with generally accepted auditing standards is not designed to detect whether your systems are year 2000 compliant. Further, we have no responsibility with regard to your efforts to make your systems year 2000 compliant or to provide assurance on whether you have addressed, or will be able to address, all of the affected systems on a timely basis. These are your rC?~ponsibilities. However, we may choose to communicate matters that come to our attention relating to t~e potential effects of the year 2000 on your computer systems. We appreciate the opportunity to be of service to the CITY OF LA PORTE, TEXAS and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us know, If you agree with the terms of our engagement letter, please sign one of the enclosed copies and return it to us in the business reply envelope we have provided for your convenience. The other copy is for your files. Very truly yours, WlllTE PETROV McHONE A Profeli/A1 Corporation a ;j By: ~LofP}~L correctly sets forth the und . tanding of the CITY OF LA PORTE, TEXAS. '" N rman Malone, Mayor q l,q(r3 Date