HomeMy WebLinkAboutBaid & Company
Augusta Richmond GA
DOCUMENT NAME, &Awe 0\: Ccrn~
DOCUMENT TYPE:
YEAR: D \
BOX NUMBER: I \
FILE NUMBER: \'5c;>~ ~
NUMBER OF PAGES: c:J
APPROVED
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FES 2 1 2001
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CERTIFIED PUBLIC ACCOUNTANTS
& FINANCIAL ADVISORS
SINCE 1927
(AUGUSTA-RICHMONO COUNTY COMMISSION)
Certified Public Accountants
Certified Financial Planners
Personal Financial Specialists
Certified Fund Specialists
Certified Fraud Examiner
Certified Government Financial Manager
Diplomate of the American Board of Forensic Accounting
Certified Valuation Analyst
John p, Gillian. Jr., CPA, CFP, PFS. CFS
J.T. Cosnahan, CPA, CFE, CGFM. DABFA
Robert D. Huntley, Jr" CPA
Rep E. Whiddon, CPA, CVA
February 9, 2001
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Honorable Bob Young, Mayor
Augusta/Richmond County
530 Greene Street
Augusta, Georgia 30911
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Dear Mayor Young, ;i;;att~ !fi
This will confirm our understanding of our enga ment :~e as the Internal Audit Department -hH.A.~
for AugustalRichmond County. The term of th' engagement shall be for the year to end December
31, 2001 and will continue from year-to-yeaIi aR.I~EE teffi'l.iRatea BY eith('r p~rt)' upon giving sixty
(60) days written notice.
In consultation with the administrator or his designee and comptroller, we will prepare an audit
plan. Also, we will perform various audits as instructed by you or the commission.
We will meet with the administrator or his designee and comptroller on a quarterly basis and will
provide written reports on our completed audits and the status of audits in progress. We will be
available to meet with you, any commission committee or any commissioner at their convenience.
Our fee for the year to end December 31,2001 is not expected to exceed $105,000. We have been
advised that this amount has been provided in the 2001 budget. We will submit invoices monthly
and the billing will be based on the actual number of hours and classification of the individuals who
are working on this engagement. The rates vary depending on the classification and experience of
each individual.
A schedule of our current rates and the rates applicable to this engagement by classification follows:
Classification
Partner
Manager
Staff
SecretariaV Admin.
Standard
Rate/Hour
$135 - $160
$ 90 - $11 0
$ 45 - $ 85
$ 30 - $ 35
AugustalRichmond County
Rates/Hour
$108 - $128
$ 72 - $ 88
$ 36 - $ 68
$ 24 - $ 28
811 Telfair Street I Augusta, Georgia 3090 II Telephone (706) 722-3595 I Telefax (706) 722-0112
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Honorable Bob Young, Mayor
February 9, 2001
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We will provide a backup detail with our invoices of the individuals who work on this engagement
including the week the work was performed, the number of hours spent, the hourly rate and the
amount billed per each individual. Out of pocket costs such as travel, supplies, telephone and
postage will be billed in addition to our fee.
All disputes arising under this agreement shall be submitted to mediation. Each party shall designate
an executive officer or principal empowered to resolve the dispute. Should the designated
representatives be unable to agree on a resolution, a mediation service acceptable to both parties
shall select a mediator to mediate the dispute. Each disputing party shall pay an equal percentage
of the mediator's fees and expenses. No suit or arbitration proceeding shall be commenced under
this agreement until at least sixty (60) days after the mediator's first meeting with the involved
parties. In the event that the dispute is required to be litigated, the court shall be authorized to
assess litigation costs against any party found not to have participated in the mediation process in
good faith.
We appreciate the opportunity to be of service to Augusta/Richmond County and believe this letter
accurately summarizes the significant terms of our engagement. If you have any questions, please
let us know. If you agree with the terms of our engagement as described in this letter, kindly sign
the enclosed copy and return it to us.
Very truly yours,
BAIRD & COMPANY
Certified Public Accountants
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J.T. Cosnahan, CPA, CFE, CGFM, DABFA
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This letter correctly sets forth the understanding of Augusta/Richmond County.
Date:
811 Telfair Street / Augusta, Georgia 3090 I / Telephone (706) 722-3595 I Telefax (706) 722-0112