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Tentative Schedule, continued Description of Audit Work Staff Level Timing Engagement administration throughout the term of the audit— Shareholder March—October ongoing Managers Final delivery of audited financial statements to the County,and Shareholder Prior to submission to the LGC October 31St Attendance at Board of Commissioners meetings to include Shareholder November answering questions related to the audit Fees for Proposed Services Many factors affect the overall fee structure for professional services in an engagement of this kind. Among these factors are the knowledge, experience and capabilities of our professional staff; the effectiveness of planning and coordination with your staff;the complexity of the work; the degree of efficiency attained from utilizing technology; and the overall approach to service. Our commitment is to provide the highest quality professional services in the most effective and efficient manner possible and to deliver value for a fair and reasonable fee. Our proposed fees to audit the County's financial statements are not-to-exceed the following: 2017: $50,000 2018: $51,000 2019: $52,000 The above fees are all inclusive and reflect a discount from our standard hourly rates. These fees are based on the assumption that the County will provide all requested documents, workpapers, schedules and account analyses in a timely manner. These fees also assume that the County will prepare the CAR including basic financial statements, note disclosures, statistical schedules and all supplementary information. Marginal cost increases reflect the effect of inflation at approximately two percent per year. We anticipate routine consultations and requests throughout the year and typically absorb those consultations without additional billings.We will not perform additional work until discussed and approved with you. ellio- t dais decosimo 13 Attachment number 1 \n F-4 Page 77