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TERMS AND CONDITIONS SUPPORTING FEE <br /> As a result of our planning process, the County and Cherry, Bekaert& Holland, L.L.P. have agreed to a <br /> fee, subject to the following conditions. <br /> To facilitate meeting our mutual objectives, the County will provide in a timely manner audit schedules <br /> and supporting information, including timely communication of all significant accounting and financial <br /> reporting matters, as well as working space and clerical assistance as mutually agreed upon and as is <br /> normal and reasonable in the circumstances. When and if for any reason the County is unable to provide <br /> such schedules, information and assistance, Cherry, Bekaert & Holland, L.L.P. and the County will <br /> mutually revise the fee to reflect additional services, if any, required of us to achieve these objectives. <br /> In providing our services, we will consult with the County with respect to matters of accounting, financial <br /> reporting or other significant business issues. Accordingly, time necessary to effect a reasonable amount <br /> of such consultation is reflected in our fee. However, should a matter require research, consultation or audit <br /> work beyond that amount, Cherry, Bekaert& Holland, L.L.P. and the County will agree to an appropriate <br /> revision in services and fee. <br /> Except for any changes in fees which may result from the circumstances described above, our fees will be <br /> limited to those set forth below. <br /> FEES <br /> Our fees for the services described above will be based upon our standard billing practices at the time of <br /> the engagement. Our fees will be billed periodically as charges are incurred and are payable on <br /> presentation. A service charge will be added to past due accounts equal to 1-1/2% per month (18% <br /> annually) on the previous month's balance less payments received during the month, with a minimum <br /> charge of$2.00 per month. Based on our contract to audit accounts,the fee will not exceed$59,300. This <br /> 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 will <br /> discuss it with you and arrive at a new fee estimate before we incur the additional costs. Any modification <br /> to the fee shall be in writing and signed by both parties. You agree to pay all costs of collection(including <br /> reasonable attorneys' fees)that we may incur in connection with the collection of unpaid invoices. <br /> Base Charge—Financial Audit $42,500 <br /> Base Charge—Compliance Audit 18,500 (includes 8 major programs) <br /> Charge per Program for Additional <br /> Compliance Testing 1,900 <br />