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05.02 - Audit Proposal
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05-06-2014 Council Meeting
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05.02 - Audit Proposal
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. <br />/ <br />CliftonLarsonAllen <br />May 6t�', 2014 <br />Sandy Peine, City Clerk <br />City of Pequot Lal<es <br />463 8 Co Rd 11 <br />Pequot Lalces, MN 56472 <br />Dear Sandy: <br />CliftonLarsonAllen LLP <br />PO Box 648 <br />Brainerd, MN 56401-0648 <br />218-828-0100�fax 218-828-9503 <br />CLAconnect,com <br />We have now reached the end of our 3 year agreement to perform the external audit services for the City of Pequot Lalces. We <br />believe CliftonLarsonAllen LLP (CLA) is uniquely qualified to undeistand and address the specific needs and challenges that <br />continue to face the City, both now and in the future, due to our thorough understanding of city operations. <br />As the natioiz's newest top-10 accounting firm, CliftonLarsonAllen (CLA) continues to be iii a position to bring you an elite <br />level of knowledge, insight, and industiy-specific consultation. In addition, CLA is oue of the few firms of our size ai7d scope to <br />focus singularly on privately held businesses aild public sector organizations—as well as the people at their helm. <br />You caii depend on CLA for several Lmcoinmoil advantages: <br />• Experie�tce with cities of sit�tilar size. Our client base includes many cities of similar size to the City of Pequot Lakes — <br />these are the size of clients that in fact built our-firiil and continue to be an iinportant part of our business today. <br />• Specialized Pf�ofessionnls. Our professioi�als are im�nersed iu your field. Those selected to serve you are not just <br />accounting practitioners; they have sigili�cant exposure, training, and kilowledge in the city environment. <br />• Credibility, �•eputatio�z, a�zd resoctrces of a to� 10 fi��z witlzout s�rcf•ifrci�zg the s»zall-firsn toucla anrl local pt•eseizce. <br />CLA has renewed and deepened our commitment to you at a level most other firms reserve only large coiporations. <br />• Vc�lue rrncl afforrinbility. You can continue to avail yourself of tlie knowledge and capabilities of a top 10 fii-�n at <br />surprisingly competitive rates. <br />This letter is to propose our audit fees for the 2014-2016 audits. <br />FEE PROPOSAL <br />Our entire teain has truly enjoyed working on your audit and since we have an offce so close to City Hall, we would really <br />like to continue working with you. Our audit fees were $18,450 for each of the past three years. Below are the audit fees <br />we are proposing for the next three years (These quotes include all out-of-pocicet expenses for each audit): <br />December 31, 2014 $18,950 December 31, 2015 $19,450 December 31, 2016 $19,950 <br />FEE PHILOSOPHY <br />We operate under the philoso�hy of open and direct coinmunicatio�i regarding billing. Our professional fees are based on the <br />level of expertise of the individuals who will perform the services. We believe in ongoing contact as a means of better serving <br />you. We encourage your questions throughout tl�e year. We include this portion of our overall seivice to you in our above fee <br />quote. Any additional services requested by the City will be billed at otu• hourly rates less a 20% discoi�nt. <br />I hope that you will agaiii select CLA as your external auditor. <br />Sincerely, <br />� ���� <br />CliftonLarsonAllen LLP <br />Douglas P. Host, CPA <br />Principal <br />218.825.2948 <br />
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