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~ DAVID M. GRIFFITH AND ASSOCIATES, LTD. <br /> ACCOUNTING SPECIALISTS TO LOCAL GOVERNMENT <br /> 1715 HUNTING RIDGE ROAD, RALEIGH, NORTH CAROLINA 27609 (919) 876-2648 <br /> <br /> September 7, 1979 <br /> <br />Mr. Charles D. McGinnis <br />Cabarrus County Hanager <br />Courthouse, BOx 707 <br />Concord, North Carolina 28025 <br /> <br />Deer Mr. McGinnis: <br /> <br /> I enjoyed meeting with you and Blair Bennett and having U]e <br />opportunity to discuss our cost methodology with you. I hope that I ex- <br />plained the central services cost allocation plans we can develop for your <br />county adequately and that you will decide to utilize our services. As <br />we discussed, such a pl~o could financially benefit your locality, not <br />only this year, but also in future years. <br /> <br /> Since gou are already recovering some indirect costs through the <br />Department of Social Services, I am proposing that we do a central services <br />cost allocation plan under our contingent fee arrangement for $12,000 and <br />would also piovide the additional services as outlined on page 1, paragraph <br />2 of the contract that I left with you. Under this arrangement, our agreed <br />upon charge is not payable ~less ~ou recover funds as a result of the plan <br />developed. We are paid 50% of the recoveries up to the agreed upon fee. <br />Of course, the base ~ount you are already receiving would accrue to the <br />county before any fee computation would be mede. <br /> <br /> I look forward to working with you and members of your staff, <br />and I am sure that we can assist you in recovering significant dollars due <br />the county as well as providing a valuable cost accounting document. <br /> <br /> <br />