Laserfiche WebLink
14275 Golf Course Drive,Suite 300—PO Box 648 <br /> Lars 'nAllen Brainerd, MN 58401 <br /> 218.825.2903,Fax 218.828.9503 <br /> rut. „ 1.1.1.,,,., <br /> . t*J n cnnr <br /> October 1,2008 <br /> Sandy Peine, City Clerk <br /> City of Pequot Lakes <br /> 4638 Co Rd 11 <br /> Pequot Lakes,MN 56472 <br /> Dear Sandy: <br /> This letter relates to our proposed audit fees for the 2008 audit. I have had discussions with other government audit <br /> principals at LarsonAllen on the typical length of our audit contracts with our government clients. The number of <br /> years typically ranges from three to five years. Historically, this has not been the case in our agreements with the <br /> City of Pequot Lakes. In light of these circumstances, I submit to you another option for your audit services. <br /> ALTERNATIVE AUDIT SERVICES OPTION <br /> Instead of a 1 year engagement letter (agreement), I propose a three year agreement between LarsonAllen and the <br /> City of Pequot Lakes. If the City accepts this option instead of the one year audit agreement as we have had in the <br /> past, our quoted price for our audit services of the upcoming three fiscal years are as follows: <br /> December 31,2008 $21,000 <br /> December 31,2009 $21,420 <br /> December 31,2010 $21,900 <br /> Note: These quotes include all out-of-pocket expenses for each audit and the filing of the OSA reporting form. <br /> Please note that these fees do not include any additional time required due to new audit and accounting standards <br /> that may be issued and effective subsequent to this letter. <br /> The ability to enter into a 3 year agreement provides the City with a number of benefits including: continuity of audit <br /> teams, no need for City staff to train new external auditors, an ability to "lock in" a fixed fee for audit services for a <br /> 3-year period, and the ability to continue to have professional and technical resources locally—we are only a short <br /> drive or phone call away from being able to assist you with all your accounting questions/needs. <br /> I hope that you will strongly consider this option for your audit services. <br /> Sincerely, <br /> LarsonAllen LLP <br /> Douglas P. Host,CPA <br /> Principal <br /> �'"'218.825.2903 <br />