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2 <br />Schedule of Professional Fees and Expenses <br />for the Audits of the Financial Statements <br />for the City of Little Canada <br />2023 FINANCIAL STATEMENT AUDIT AND SINGLE AUDIT <br />Hours Standard <br />Hourly Rate <br />Proposed <br />Hourly Rate Total <br />Partners 12 $480 $300 $3,600 <br />Manager 36 350 200 7,200 <br />Staff 144 200 125 18,000 <br />Other (Administration)3 120 100 300 <br />Single Audit (Per Major Program)5,000 <br />Drafting Fee 4,000 <br />Rounding (100) <br />Total –City Audit 220 $38,000 <br />ALL-INCLUSIVE AUDIT COSTS <br />All-inclusive Total Cost with Firm <br />Preparing the ACFR <br />All-inclusive Total Cost with <br />City Preparing the ACFR <br />Additional Single Audit Fee, <br />Per Major Program <br />(if applicable) <br />2023 $33,000 $29,000 $5,000 <br />2024 $34,500 $30,500 $5,250 <br />2025 $36,000 $32,000 $5,500 <br />2026 $37,500 $33,500 $5,750 <br />2027 $39,000 $35,000 $6,000