We understand that your employees will prepare all cash,accounts receivable,or other confirmations we request and
<br /> will locate any documents selected by us for testing. We will schedule the engagement based in part on deadlines,
<br /> working conditions, and the availability of your key personnel. We will plan the engagement based on the
<br /> assumption that your personnel will cooperate and provide assistance by performing tasks such as preparing
<br /> requested schedules, retrieving supporting documents, and preparing confirmations. If for whatever reason your
<br /> personnel are unavailable to provide the necessary assistance in a timely manner, it may substantially increase the
<br /> work we have to do to complete the engagement within the established deadlines, resulting in an increase in fees
<br /> over our original fee estimate.
<br /> At the conclusion of the engagement, we will complete the appropriate sections of the Data Collection Form that
<br /> summarizes our audit findings. It is management's responsibility to submit the reporting package (including
<br /> financial statements,schedule of expenditures of federal awards,summary schedule of prior audit findings,auditors'
<br /> reports,and corrective action plan)along with the Data Collection Form to the federal audit clearinghouse. We will
<br /> coordinate with you the electronic submission and certification. If applicable,we will provide copies of our report
<br /> for you to include with the reporting package you will submit to pass-through entities. The Data Collection Form
<br /> and the reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditors'
<br /> report or nine months after the end of the audit period.
<br /> We will provide copies of our reports to the Board; however, management is responsible for distribution of the
<br /> reports and the financial statements. Unless restricted by law or regulation,or containing privileged and confidential
<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., P.A. and
<br /> constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and
<br /> appropriate individuals will be made available upon request in a timely manner to Oversight Agencies (or its
<br /> designee), a federal agency provided direct or indirect funding, or the U.S. Government Accounting Office for
<br /> purposes of a quality review of the audit,to resolve audit findings,or to carry out oversight responsibilities. We will
<br /> notify you of any such request. If requested, access to such audit documentation will be provided under the
<br /> supervision of Thompson,Price, Scott,Adams& Co.,P.A. personnel. Furthermore, upon request,we may provide
<br /> copies of selected audit documentation to the aforementioned parties. These parities may intend, or decide, to
<br /> distribute the copies or information contained therein to others,including other governmental agencies.
<br /> The audit documentation for this engagement will be retained for a minimum of five years after the report release
<br /> date or for any additional period requested by the federal cognizant agency. If we are aware that a federal awarding
<br /> agency,pass-through entity, or auditee is contesting an audit finding, we will contact the party contesting the audit
<br /> finding for guidance prior to destroying the audit documentation.
<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. We expect to begin our audit by approximately May 15,2022,and to
<br /> issue our reports no later than October 31,2022. Our audit engagement ends on delivery of our audit report. Any
<br /> follow-up services that might be required will be a separate,new engagement. The terms and conditions of that new
<br /> engagement will be governed by a new,specific engagement letter for that service.
<br /> Our fee for these services will be at our standard hourly rates plus out-of-pocket costs (such as report reproduction,
<br /> word processing,postage,travel,copies,telephone,etc.)except that we agree that our gross fee,including expenses,
<br /> should not exceed $41,750. Also, any excessive additional fees incurred in obtaining required audit evidence (i.e.
<br /> bank confirmations)will be billed directly to the Board. Our standard hourly rates vary according to the degree of
<br /> responsibility involved and the experience level of the personnel assigned to your audit. Our invoices for these fees
<br /> will be rendered each month as work progresses and are payable on presentation. In accordance with our firm
<br /> policies,work may be suspended if your account becomes 60 days or more overdue and may not be resumed until
<br /> your account is paid in full. If we elect to terminate our services for nonpayment,our engagement will be deemed to
<br /> have been completed upon written notification of termination, even if we have not completed our report(s). You
<br /> will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the
<br /> date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that
<br /> unexpected circumstances will not be encountered during the audit.
<br /> If additional programs are required to be tested that have not been identified as major programs for testing in
<br /> previous years, additional fees may be charged at standard hourly rates. If significant additional time is necessary,
<br /> we will discuss it with you and arrive at a new fee estimate before we incur the additional costs. However, we
<br /> believe that our contract as it is will be sufficient to cover but we do want to reserve the right to discuss this issue.
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