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8 <br />Accounting Firm Disputes. The award issued by the arbitration panel maybe confirmed in a judgment by <br />any federal or state court of competent jurisdiction. <br />TERMS AND CONDITIONS SUPPORTING FEE <br />The County and Cherry, Bekaert & Holland, L.L.P. have agreed to a fee, subject to the following <br />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 aze based upon our standard billing practices at the time of the <br />engagement. Bills for services will be rendered as work progresses and are due within 15 days from <br />invoice date. 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 />Chazge of $2.00 per month. Based on our contract to audit accounts, the fee will be as follows: <br />Base Charge -Financial Audit <br />Base Chazge -Compliance Audit <br />Chazge per Program for Additional <br />Compliance Testing <br />$40,000 <br />17,500 (includes 8 major programs) <br />1,800 <br />This 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. <br />