HomeMy WebLinkAboutCC 8.4.15 audit contract extension SMITH*SCHAFER
8 ASSOCIATES, LTD. Members of American Institute of CPAs.
Certified Public ,accountants and Consultants Private Companies Practice Section,Minnesota Society of CPAs
May 26, 2015
Cathy Bendel, Finance Director
City of Lake Elmo
3800 Laverne Avenue North
Lake Elmo, MN 55042
Dear Cathy:
Thank you for the opportunity to propose continuing professional services for the City of
Lake Elmo for the years ended December 31, 2015, 2016 and 2017.
We propose the following fee structure for the three-year term of this proposal:
Description of Services 2015 2016 2017
Audit services including presentation of the
financial statements to the City Council $21,400 $21,975 $22,700
Preparation and review of the City's
comprehensive annual financial report CAFR $6,300 $6,550 $6,750
Preparation and submission of the Minnesota
State Auditor's Annual Financial Reporting Form $950 $975 $975
Totals $28,650 $29,500 $30,425
The quoted fees are all-inclusive unless unusual circumstances are encountered during
our examinations. If such circumstances occur, we would discuss any additional fees
with you prior to performing the services.
For your reference, the fees for the year ended December 31, 2014 were $20,725 for
the audit services, $6,150 for the preparation and review of the City's CAFR, and $950
for preparation and submission of the Minnesota State Auditor's Annual Financial
Reporting Form.
If you would like to retain the services of our firm in accordance with the above, please
sign where indicated on the next page and return this letter to us in the enclosed return
envelope. We will issue an engagement letter with the above quoted prices before we
begin fieldwork each year.
I cle,6%ood Office o 2035 E County Road D o Suite A ^ Maplewood MN 55109 ^ PH (651) 770-8414 o FAx (651)770-5175
Offices in: Edina, Red Wing, and Rochester ^ www.smifhschafer.com
PrimeGlobal Member of PrimeGlobal,A Global Association of Independent Accounting Firms
May 26, 2015
Cathy Bendel, Finance Director
Page 2
A second copy of this letter is provided for your records.
We hope that you have enjoyed working with us and we appreciate the opportunity to
propose continuing services for the City of Lake Elmo. If you have any questions,
please feel free to call.
Sincerely,
SMITH, SCHAFER AND ASSOCIATES, LTD.
Jason C. Miller, CPA
Principal
Response:
On behalf of the City of Lake Elmo, I am in agreement with the terms listed in this letter.
Signature: j
Title:
Date: