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City of Sunny Isles Beach March 30, 2016 Page 7 We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing. You are responsible for any costs or fees charged by the organization(s)or individual(s) responding to the confirmation requests. William Blend is the engagement shareholder and is responsible for supervising the engagement and signing the report or authorizing another individual to sign it. Moore Stephens Lovelace, P.A. and Moore Stephens Tiller, LLC have been defined as a network within an association under the AICPA Rules of Professional Conduct. You confirm to us that you are not aware of any prohibited relationship that would impair our independence under the AICPA Rules of Professional Conduct between our Firm and Moore Stephens Tiller, LLC and its employees. We are also not aware of any such relationships. FEES - Our fee for these services will be at our standard hourly rates,plus out-of-pocket costs (such as report reproduction,word processing,postage,travel,copies,telephone,etc.),except that we agree that our gross fee, including expenses, will not exceed $40,500 for each fiscal year. In the event we are requested or authorized by the City or are required by government regulation, subpoena, or other legal process to produce our documents or our personnel as witnesses with respect to our engagements for the City, the City will, so long as we are not a party to the proceeding in which the information is sought, reimburse us for our professional time and expenses, as well as the fees and expenses of our counsel, incurred in responding to such requests. A service charge of 1.5 percent per month will be assessed on any invoice not paid within thirty (30) days of the invoice date. We reserve the right to halt further services until payment on past due invoices is received. In the event that collection procedures are required, you agree to pay all expenses of collection, including collection efforts by our staff, which will be billed at our standard hourly rates, and all attorney's fees and costs actually incurred by our Finn in connection with such collection, whether or not suit is filed thereon. LAW-This agreement will be interpreted in accordance with Florida laws and the terms and conditions as required by the Florida Board of Accountancy, where applicable. You agree that our maximum liability to you for any negligent errors or omissions committed by us in the performance of the engagement will be limited to three times the amount of our fees for this engage- ment, except to the extent determined to result from our gross negligence or willful misconduct. The workpapers for this engagement are the property of Moore Stephens Lovelace,P.A. and constitute confidential information. However, the Auditor may be requested to make certain workpapers available to the City pursuant to authority given to it by law or regulation. If requested, access to such workpapers will be provided under the supervision of the Auditor's personnel. Furthermore, upon request,the Auditor may provide photocopies of selected workpapers to the City or applicable grantor agencies. The City or applicable grantor agencies may intend, or decide, to distribute the photocopies or information contained therein to others, including other governmental agencies. We do not waive any rights or privileges granted under federal or state laws, statutes, or regulations with regard to client/accountant privileges. SIB