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I <br />~~~ ATTACHMEN~A , <br /> · Page 4 of 6 <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 (i.e., financial records in balance, <br /> reconciled as appropriate to supporting detail records, accruals <br /> made and all known and ordinary adjustments made).' <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 /> trail 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 re- <br /> quirements of the audit of the County is set forth below: <br /> <br /> Services Fees <br /> <br /> ° Financial audit and reports in <br /> acuordance with generally accepted <br /> auditing standards (See A above) $17,800 <br /> <br /> ° Single'Audit under the new Single. <br /> Audit Act of 1984 and OMB Circular <br /> A-128 and reports for the period <br /> July 1, 1985 through June 30, 1986 <br /> (See B above) 97200 <br /> <br /> ~2_v~000 <br /> <br /> Please recall that the Attachment P audit fees are allocable to <br /> most federal and state grant programs, and thus are recoverable. <br /> <br /> For 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 <br /> report). In connection with the 1985 audit, the County Finance <br /> Office prepared this schedule. Rather than increase the level of <br /> our services and fees, it is agreed that the County Finance <br /> Office will again prepare this schedule for inclusion in the <br /> financial statements. <br /> <br /> <br />