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IV. ESTIMATED HOURS, BILLING RATES, AUDIT FEE, UNDERSTANDING OF WORK <br />A. Estimated Hours - <br />Category <br />1985 <br />1986 <br />1987 <br />Fieldwork <br />270 <br />245 <br />245 <br />Review <br />10 <br />10 <br />10 <br />Report preparation - <br />Professional staff <br />15 <br />15 <br />15 <br />Word processing, proof- <br />ing, correction, <br />assembly <br />25 <br />20 <br />20 <br />Estimated Total Hours <br />320 <br />290 <br />290 <br />Less: Hours to <br />Establish Client Data <br />(30) <br />Estimated Hours Charged <br />to City <br />290 <br />290 <br />290 <br />B. Average Hourly Billing Rates by Classification - <br />Classification 1985 1986 1987 <br />Partner $75 $77 $80 <br />Manager 50 52 55 <br />Senior 40 42 44 <br />Staff Accountant 32 34 36 <br />Assistant Accountant 30 32 34 <br />Clerical 22 23 25 <br />Mote: Our fee structure utilizes varying rates for each <br />classification to reflect level of responsibility <br />and skill required. The above rates are the <br />average hourly rates for each classification. <br />C. Audit Fee - <br />Pannell Karr Forster agrees to perform audits of the City of Hounds View for <br />calendar years 1985, 1986, and 1987 for annual audit fees not to exceed the <br />following amounts: <br />Calendar <br />year <br />1985 <br />$9,000 <br />Calendar <br />year <br />1986 <br />$9,500 <br />Calendar <br />year <br />1987 <br />$10,000 <br />Additional Projects <br />Fee Not <br />Single audit of Federal Revenue Sharing and other to Exceed <br />Federal Grants $500 <br />State Legal Compliance Audit $900 <br />i <br />-0 <br />