Laserfiche WebLink
M <br />CERTIFIED PUBLIC <br />ACCOUNTANTS <br />August 23, 1991 <br />Ms. Beatrice C. Fields, Finance Director <br />County of Lee, North Carolina <br />Post Office Drawer 1968 <br />Sanford, North Carolina 27331-1968 <br />Dear Ms. Fields: <br />BOOS 14 :qtr <br />62 <br />0 <br />This letter is being written to confirm with you a revision in one of the paragraphs of our understanding <br />dated May 8, 1991 as follows: <br />Our fees for these services will be based on the actual time spent at our standard hourly rates,. plus <br />travel and other out-of-pocket costs such as report production, typing, postage, etc. Our standard hourly <br />rates vary according to the degree of responsibility involved and the experience level of the personnel <br />assigned to your audit. Our invoices for these fees will be rendered each month as work progresses and <br />are payable on presentation. Based on our contract to audit accounts the fee will not exceed $24,950. <br />This fee is based on anticipated cooperation from your personnel and the assumption that unexpected <br />circumstances will not be encountered during the audit. If significant additional time is necessary, we <br />will discuss it with you and arrive at a new fee estimate before we incur the additional costs. <br />Once again we would like to express our appreciation for the opportunity to be of service to the County <br />of Lee and believe this letter accurately summarized the revised terms of our engagement. If you have <br />any questions, please let us know. If you agree with the terms of our engagement as revised by this <br />letter, please sign the enclosed copy and return it to us. <br />Very truly yours, <br />CHERRY, BEKAERT & HOLLAND <br />H. Wayne Comstock, CPA <br />Partner <br />RESPONSE: <br />This letter correctly sets forth the understanding of the County of Lee. <br />NORTH CAROUNk UN COUNIII <br />P~ tad for m9ftsttlan an ft.LZ.,, lrt~e"q <br />recorded In Book -r <br />Nellie W Thomas, Reylklkr d Daub <br />Title: Assistant County Manager/Finance Director <br />Date: 9/5/91 <br />2850 Village Drive, Suite 201, P.O. Drawer 47, Fayetteville; North Carolina 28302-0047. 919/483-7131 <br />Offices throughout the Southeast- Represented internationally through Summit International Associates, Inc. <br />