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Arthur Young <br /> <br /> ATTACHMENT A <br /> Page 5 of 7 <br /> <br />County management anticipates that the accounting records will <br />successfully be closed by August 1, including the recording of <br />adjustments which were proposed in the prior year audit. County <br />management will also need to provide us with a grants and awards <br />trial balance showing revenues and expenses reconciled to the <br />general ledger and the grants and awards financial report to <br />grantor agencies. It is preferable that both the above be <br />completed prior to our beginning of field work. <br /> <br />Our estimate of the maximum fee associated with the primary <br />requirements of the audit of the County is set forth below: <br /> <br /> Services Fees <br /> <br /> o Financial audit and reports <br /> in accordance with generally <br /> accepted auditing standards <br /> (See A above) $20,300 <br /> <br /> o Single Audit under the <br /> Single Audit Act of 1984 <br /> and OMB Circular A-128 and <br /> reports for the period <br /> July 1, 1986 through <br /> June 30, 1987 <br /> (See B above) 10,700 <br /> <br /> $31,000 <br /> <br />Please recall that the Siugle Audit fees are allocable to <br />most federal and state grant programs, and thus are recoverable. <br /> <br />Per the 1983 audit, the County requested, and we provided, a <br />significantly more detailed schedule of General Fund revenues and <br />expenditures (Statement 2 in the comprehensive financial roper%). <br />In connection with tile 1985 audit, the County Finance Office <br />prepared this schedule, gather than increase the level of our <br />services and fees, it is agreed that tile County Finance Office <br />will again prepare this schedule for inclusion in the financial <br />statements. <br /> <br /> <br />