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ATTACH~IENT A Page 3 of 4 FEES Our fees are based on hourly rates and our estimage of the number of hours it will require to provide the auditing and accounting services desired by the County. Our fees, including all out-of-pocket expenses, for the audit services described above will be as followS: Fiscal Year Ending Fees June 30, 1983 $16,500 June 30, 1984 17,000 June 30, 1985 17,500 - We will report promptly to you in writing any circumstances that will increase these fees along with a description of the addi- tional work required and the additional fees and expenses. Any audits of funds or accounts not described above or special exam- inations that extend our procedures to resolve any xrregularities or other special situations will be described in a separate engagement letter so as to assure agreement as to the work to be performed and the fees for such work. Such additional work would include but not be limited go assistance with or audit of new bond issues, water and sewer funds, unanticipated problems resulting from revaluation of properties, vacation and sick pay accruals, and accumulation of fixed asset records. Any manage- ment, advisory, or consultive services will be described in a separage engagement letter so as go assure agreement as to the services to be provided and the fees for such services. Since it is uncertain at this time how the single audit concept (Attachment P of OMB A-lO2) will affect our audit, this contract does nog include the cost of additional services required. The cost of any additional services will be neRotiated, based on our hourly rates applicable to local governments at the time the requirements are determined. We understand that all invoices for audit services will be submitted to the North Carolina Local Government Commission for approval before payment. Interim invoices for fees for services provided prior 5o the release of our report on examination, internal control, and management ~dvice will not exceed 75% of the total fees discussed above. SCHEDULING OF OUR WORK We propose to perform the engagement on a prompt and timely basis so as to issue our report no later than October 31, of each respective year, unless prohibiting circumstances aris~ Which are beyond our control. We plan to perform preliminary phases of the work prior to June 30 and to begin the final examination work as soon as practicable after June 30, of each respective year.