Reso 2021-3168 - Laserfiche WebLink

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City Commission City of Sunny Isles Beach, FL January 25, 2021 Page 7 Our fee for these services will be at our standard hourly rates PILLS Out-of-pocket costs (such as report reproduction, ward processing, postage, travel, copies, telephone, etc,), except that we agree that our gross fee, including expenses, will not exceed $44,450 per year for the fiscal year ending September 30, 2021. Our standard hourly rates vary according to the degree of responsibility involved and the experience level of the personnel assigned to your audit. In accordance with our firm policies, work may be suspended if your account becomes thirty (30) days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of germination, even if we have not completed our reports. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket casts through the date of termination. The above fee is based on anticipated cooperation frorn yrour personnel and the assumption that unexpected circumstances will not be encountered during the audit, If significant additional time is necessary, we will discuss it with you and arrive at it new fee estimate before we incur the additional costs. Out- invoices for these fees will be rendered on an interim basis during the progress of our engagement, Invoices shall include sufficient detail to demonstrate compliance with the terms of this agreement. Invoices are due within thirty (30) days of the invoice date. Any remaining balance is due upon delivery of the final product. Any subsequent discussions, conferences, telephone conversations, correspondence, or related services will be invoiced separately. A service charge of 1.5% per month will be assessed on an invoice not paid within thirty (30) days of the invoice date. In the event the auditor is requested or authorized by the City or is required by government regulation, subpoena, or other legal process to produce their documents or their personnel as witnesses with respect to their engagements for the City, the City will, so long as they are nota party to the proceeding in which the information is sought, reimburse them for their professional time and expenses, as well as the fees and expenses of their counsel, Incurred in responding to such requests. This agreement will be interpreted in accordance with Florida lawn and the terms and conditions as required by the Florida Board of Accountancy, where applicable. Government Auditing Standards require that we provide you with it copy of our most recent external peer review report and any letter of comments, and any subsequent peel` review reports and letter's of comment received during the period of contract. Our peer review report is attached. We :appreciate the opportunity to be of service to the City and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us @snow. If you agree with the terms of our engagement as described in this letter, please sign this letter, and return it to us. Very truly yours, k:, PA: