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<br />statements tHowever,amanagelmentPs responsible for the acc cal adjustments. rln your rep esentation tous,'you will
<br />be asked to acknowledge our role in this regard, and your review, approval, and responsibility for the accrual
<br />adjustments..
<br />Any additional services that you may request, and that we agree to provide, will be the subject of separate written
<br />thereon nto any offsial statement or a~y other documenpt~ elated to the offering of debt securities at some fduture date,
<br />a e requdired by and t ng standards generally accepted inthe Uni ed States of Amer ca to perfoam certa'n prJO edu es
<br />before we can give our permission as to the inclusion of our report into another such document. You agree that you
<br />will not include or incorporate by reference these financial statements and our report thereon into any other document
<br />without our prior written cohsent
<br />I will be responsible for assuring the overall quality, value, and timeliness of our services to you, will lead the
<br />engagement,.
<br />YOUR EXPECTATIONS
<br />As part of our planning process, we will discuss with you your expectations of Cherry, Bekaert & Holland, L.L.P.,
<br />Hollandsl_ LtP Cand specific engagement arrangements and tim ng u0u servi Ie plane, whi h includes our audit p an
<br />engagementtobjectives and to meetfor exceed your expectations, gOulr serviceeplanpwillabe reviewed with you
<br />periodically and will serve as a benchmark against which you will be able to measure our performance,.
<br />TERMS AND CONDITIONS SUPPORTING FEE
<br />As a result of our planning process, the entity and Cherry, Bekaert & Holland, L,L P have agreed to a fee, subject to
<br />the following conditions..
<br />To facilitate meeting our mutual objectives, the entity will provide in a timely manner audit schedules and supporting
<br />information, including timely communication of all significant accounting and financial reporting matters, as well as
<br />working space and clerical assistance as mutually agreed upon and as is normal and reasonable in the
<br />circumstances. When and if for any reason the entity is unable to provide such schedules, information and
<br />assistance, Cherry, Bekaert & Holland, L.L.P. and the entity will mutually revise the fee to reflect additional services, if
<br />any, required of us to achieve these objectives,
<br />othe~significant bus Hess ssue's. Accord nglyttime necessary to effect areasonable amou 9 of such clonsulta'tion is
<br />reflected in our fee., However, should a matter require research, consultation, or audit work beyond that amount,
<br />Cherry, Bekaert & Holland, L.L.P. and the entity will agree to an appropriate revision in services and fee.
<br />Except for any changes in fees, which may result from the circumstances described above, our fees will be limited to
<br />those set forth below..
<br />FEE
<br />Financial Audit -Our fees for these services will be based upon our customary billing practices at the time of the
<br />sewage hargeiwill be addedsto'past due a counts equal tor1sl/2%peramonth (18% anndualsrate) onvthe previous
<br />o ~ audibas desc ibed in this letter w II not erxceed the follow ng a minimum charge of $2..00 per month. The fee for
<br />Base Charge for Audit $38,500 '
<br />Base Charge for Financial Statement Preparation $10,000
<br />Base Charge for Compliance Audit $19,000 (includes 8 major programs)
<br />Charge Per Single Audit Program for Additional Compliance Testing $2,000 per program
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