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<br />- <br /> <br />ATTACHMENT A <br />Page 4 of 8 <br /> <br />FEES <br /> <br />OUr proposed fees are based upon: 1) estimates of time required <br />by Arthur Young professional personnel at varying experience <br />levels; 2) the timely availability of management level personnel <br />of the County for consultation on audit related matters during <br />our examination and; 3) the timely availability of complete <br />financial records for audit (as more specifically outlined in the <br />following paragraph); and 4) the County Finance Department <br />providing the ma.imum assistance possible in connection with the <br />Single Audit and audit of the Water and Sewer Enterprise Funds. <br /> <br />County management anticipates the availability of complete finan- <br />cial records for audit to be August 1, 1988. Complete financial <br />records for audit include: <br /> <br />a. <br /> <br />Financial records in balance. <br /> <br />b. <br /> <br />Supporting detai led records reconci led to the genera 1 <br />ledger. <br /> <br />c. <br /> <br />All ordinary and known adjustments made including: <br /> <br />interest income allocation on the cash and accrual <br />basis <br /> <br />those necessary to state the accounts of the <br />Enterprise Fund on the accrual basis of accounting <br />including recognition of amounts accruable under <br />construction contracts and outstanding debt. <br /> <br />d, <br /> <br />Single Audit 'l'rial Balance reconciled to the general <br />ledger revenue and expenditure accounts. <br /> <br />Our estimate of the maximum fee associated with the primary re- <br />quirements of the audit of the County is set forth below: <br /> <br />Services <br /> <br />Fees <br /> <br />Financial audit and reports in <br />accordance with generally accepted <br />auditing standards (See A above) <br /> <br />$21,600 <br /> <br />~ <br />