gement within the established deadlines, resulting in an increase in fees
<br />029work we have to do to complete the enga
<br />any accounting services (including
<br />over our original fee estimate. We will not undertake aap ralbt 'through a written
<br />reconciliation of accounts and preparation of requested schedules) without obtaining
<br />change order or additional engagement letter for such additional work.
<br />of
<br />ection
<br />that
<br />At the conclusion of the engagement, we will , scomplete respon responsibility submit te s the treportng package (including
<br />summarizes our audit findings. It is management
<br />financial statements, schedule of expenditu
<br />res of
<br />ths, summary
<br />e Data o
<br />Collefederal ction schedule
<br />tion Fothe federal audit clearinghouse auditors'
<br />1 will
<br />reports, and corrective action plan) along w
<br />coordinate with you the electronic submis a aou will submit tolpass-through entities. provide
<br />Data Collection Form
<br />g
<br />for you to include with the reporting pa Y
<br />rt
<br />ornine
<br />and the reporting package must be ttted un a unless longer period in the earlier is agree after
<br />advance by the cognizant oroversight
<br />months after the end of the audit period,
<br />agency for audits. Me for
<br />We will provide copies of our reports the Board; r regulation, or containing priv legedt stribution and
<br />con of
<br />and the financial statements. Unless restricted by law o
<br />information, copies of our reports are to be made available for public inspection.
<br />The audit documentation for this engagement is the property of Thompson, Price, Scott, Adams & Co., aan
<br />nd
<br />P.A.
<br />laws
<br />on d
<br />constitutes confidential information. However,able subject
<br />request in applicable t melynmannerato Oversight Agencies t (or ice its
<br />appropriate individuals will be made avail P
<br />ff
<br />designee), a federal agency provided direct or indirect funding, or the U. . Goversight t Acc suing 0 We will
<br />purposes of a quality review of the audit, to resolve audit findings, or it carry
<br />notify you of any such request. If requested, access to such audit documentation will quprovided wemayprovide
<br />supervision of Thompson, Price, Scott, Adams & Co., P.A. personnel. Furthermore, up
<br />copies of selected audit documentation to the in to others,�ncluding other go ernmenal agencies, e parities may inted, or decide, to
<br />distribute the copies or information contained there
<br />ve years after the report release or
<br />The audit documentation for this engagement
<br />the federal cognizant d for a agency. gency minimum
<br />we areoawfare that a federal awarding agency,
<br />for any additional period requested by t contesting the audit finding
<br />pass-through entity, or auditee is contesting an audit finding, we will contact the party g
<br />for guidance prior to destroying the audit documentation.
<br />016.
<br />We expect to begin our audit by approximately June 1, 2016 and to issue our reports no lager than October 31, ports
<br />Alan Thompson is the engagement partner and is responsible for supervising the engagement and signing the reports
<br />or authorizing another individual to sign them.
<br />Our fee for these services will be at our standard etc) excepturly rates lus out-of-pocket costs (such as report reproduction,
<br />that we agree that our gross fee, including expenses,
<br />word processing, postage, travel, copies, telephone,
<br />will not exceed $35,500. Also, any cilxcesssive additBoarional
<br />aes sincurred inrd hourly
<br />rate vary according to evidence
<br />degree of
<br />confirmations) will be billed directly to to your
<br />responsibility involved and the experience level of the
<br />personnel
<br />on presentation. InOcco accordance
<br />our firm
<br />will be rendered each month as work progresses and are pay P
<br />policies, work may be suspended if your account becomes 60 days or more overdue and may
<br />not
<br />be resumed
<br />deem a to
<br />until
<br />your account is paid in full. If we elect to terminate our services for nonpayment, our engagement
<br />have been completed upon written note lctime exf ended antd to reimburseon, even if s s for all out-of-pohave not cket completed
<br />costsothrough the
<br />will be obligated to compensate us for expth
<br />en
<br />of termination. Thtion that
<br />e above fee be encounteis based on red during the audit. If significantticipated cooperation from your additional personnel time eis necessary, we
<br />unexpected circumstances will not
<br />will discuss it with you and arrive at a new fee estimate before we incur the additional costs.
<br />nd believe this
<br />summarizes the
<br />We appreciate the opportunity to be of service to Le alease let us know. tif you agree with the terms of
<br />significant terms of our engagement. If you have any questions, P
<br />our engagement as described in this letter, please sign the enclosed copy and return it to us.
<br />Very tni]Y ours
<br />W. Thompson, CPA
<br />Thompson, Price, Scott, Adams & Co., P.A.
<br />
|