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City of Little Canada, Minnesota <br />July 27, 1993 <br />Page 2 <br />Our fees for these services will be based on the actual time spent at our standard hourly rates. <br />Based on our preliminary estimates, the fee should approximate $1,000 to $1,300. This estimate <br />is based on anticipated cooperation from your personnel and the assumption that unexpected <br />circumstances will not be encountered during the audit. If significant additional time is necessary, <br />we will discuss it with you and arrive at a new fee estimate before we incur the additional costs. <br />We appreciate the opportunity to be of service to the City of Little Canada, Minnesota and believe <br />this letter accurately summarizes the significant terms of our engagement. If you have any <br />questions, please let us know. If you agree with the terms of our engagement as described in this <br />letter, please sign the enclosed copy and return it to us. <br />Very truly yours, <br />TAUTGES, REDPATH & CO., LTD. <br />David J. Mol, CPA <br />RESPONSE: <br />This letter correctly sets forth the understanding of the City of Little Canada, Minnesota. <br />By: <br />Title: <br />Date: <br />Page 11 <br />