Laserfiche WebLink
City of Little Canada, Minnesota <br />Audit Contract <br />October 10, 2000 <br />Page 4 <br />Audit Administration, Fees and Other <br />We understand that your employees will type all cash or other confirmations we request and <br />will locate any invoices selected by us for testing. <br />We understand the workpapers for this engagement are the property of HLB Tautges Redpath, <br />Ltd. and constitute confidential information. However, we may be requested to make certain <br />workpapers available to certain regulators pursuant to authority given to it by law or regulation. <br />If requested, access to such workpapers will be provided under the supervision of HLB Tautges <br />Redpath, Ltd. personnel. Furthermore, upon request, we may provide photocopies of selected <br />workpapers to regulators. The regulator may intend, or decide, to distribute the photocopies of <br />information contained therein to others, including other governmental agencies. <br />Our fee for these services will be at our governmental audit hourly rates plus out -of- pocket <br />costs (such as report reproduction, typing, postage, travel, copies, telephone, etc.) except that we <br />agree that our gross fee, including expenses, will not exceed $18,800. Our hourly rates vary <br />according to the degree of responsibility involved and the experience level of the personnel <br />assigned to your audit. Our invoices for these fees will be rendered each month as work <br />progresses and are payable on presentation. If we elect to terminate our services for nonpayment, <br />you will be obligated to compensate us for all time expended and to reimburse us for all out -of- <br />pocket expenditures through the date of termination. The above fee is based on anticipated <br />cooperation from your personnel and the assumption that unexpected circumstances will not be <br />encountered during the audit. If significant additional time is necessary, we will discuss it with <br />you and arrive at a new fee estimate before we incur the additional costs. <br />Government Auditing Standards requires that we provide you with a copy of our most recent <br />quality control review report. Our 1998 peer review report accompanies this letter as Appendix <br />A. <br />Page 23 <br />