HomeMy WebLinkAboutContract 1772Tautges
Ltd.
Certified Public Accountants and Consultants
CUENT
COPY
March 23, 2004
Mr. Bill Elrite, Finance Director
City of Columbia Heights
590 40th Avenue NE
Columbia Heights, MN 55421
ADDENDUM #2 TO ENGAGEMENT LETTER DATED AUGUST 21, 2001
We are pleased to conform our understanding of the services we are to provide regarding the
preparation of the City's 2003 Comprehensive Annual Financial Report (CAFR).
Scope of Service
We will prepare the City's 2003 CAFR using the City's trial balance and other information
provided by the City. Proofing and processing of the CAFR is included in the original
engagement letter.
In addition to the trial balance, the City will need to provide certain other information
including the following:
Management Discussion and Analysis (HLB TR staff will update financial
information, City staff will need to modify text)
Transmittal letter
Copy of the 2002 Certificate of Achievement Award
Organization chart and list of principal City officials
Footnote disclosure information, as requested (examples include conduit debt,
pension costs)
Revised budget information (if not already included in the trial balance)
Statistical information not provided elsewhere (refer to 2002 Tables 9, 14, 16, 17, 18)
Report Covers
GASB 34 Internal Service Fund elimination worksheet
White Bear Lake Office: 4810 White Bear Parkway, White Bear Lake, Minnesota 55110, USA Telephone: 651 426 7000 Fax: 651 426 5004
Hastings Office: 1303 South Frontage Road, Suite 13, Hastings, MN 55033, USA Telephone: 651 480 4990 Fax: 651 426 5004
HLB Tautges Redpath, Ltd. is a member oft International. A world-wide organization of accounting firms and business advisers.
Mr. Bill Elrite, Finance Director
City of Columbia Heights
March 23, 2004
Page 2
Fees
Our fee for these services will be at our standard rates plus out-of-pocket costs (such as
postage, travel, copies, telephone, etc.). Our hourly rates vary according to the degree of
responsibility involved and the experience level of the personnel assigned to this
engagement.
This fee is based on anticipated cooperation from your personnel and the assumption that
unexpected circumstances will not be encountered during the engagement. If significant
additional time is necessary, we will discuss it with you and arrive at a new fee estimate
before we incur the additional costs. The final fees will be directly dependent on the
completeness and accuracy of the City's records.
A revised fee summary is as follows:
2003 Audit
Base fee $36,130
Addendum #1:
SAS 99 2,500
GASB 34 3,OOO
Addendum #2:
CAFR Prep 8,650
Total $50,280
Closinq
We appreciate the opportunity to be of service to the City of Columbia Heights, Minnesota
and believe this letter accurately summarizes the significant terms of our engagement. If you
have any questions, please let us know. If you agree with the terms of our engagement as
described in this letter, please sign the enclosed copy and remm it to us.
Very truly yours,
HLB TAUTGESREDPATH, LTD.
David J. Mol, CPA
DJM/clg
442375.1
Mr. Bill Elrite, Finance Director
City of Columbia Heights
March 23, 2004
Page 3
Response
This letter correctly sets for the understanding of the City of Columbia Heights, Minnesota
By:
Title: c±ty Manager
Date:
Date:
442375.1