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Oualiflczl?:ions hi) Provide k nnual AUdii and Financial Report Service La Porte Redevelopment Authority PROFESSIONAL FEES Our professional audit fees for the audit of Laporte Redevelopment Authority's financial statements for fiscal year 2011 is estimated at $11,300. There are several factors we considered in the preparation of our fee estimate to perform the audit of the Authority, and these factors are as follows: The key personnel assigned to this engagement have experience ranging from 7 to 18 years. The personnel assigned also have extensive experience having worked on clients in the governmental segments of our practice. Our partner and Director have a larger role in the engagement during the initial year. By assigning more experienced personnel to an engagement of this nature, we are able to reduce the engagement team's learning curve as well as the start up time required to effectively and efficiently perform the audit. • We perceive our roles as advisors to our clients and encourage them to ask questions throughout the year that would affect their accounting and reporting practices. We will be available as needed by the Authority during the contract years for any inquiries for specific accounting and auditing matters, as issues may arise, and we will not bill the Authoirty for such routine inquiries. This will be an initial year examination. During the planning phase of our engagement, we will also perform procedures to gain an understanding of and document the system of internal accounting controls in place. We will obtain copies of contracts, leases and other permanent file documents to review to become familiar with the terms and provisions included in each to ensure the proper recognition and disclosure in the financial statements in accordance with government accounting principles generally accepted in the United States of America. MCCONNELL & JONES LL1' I