HomeMy WebLinkAboutCherry Bekaert and Holland
Augusta Richmond GA
DOCUMENT NAME:
ClneYV-j ~ kncvt ~ H 0\ lard
DOCUMENT TYPE:
YEAR: Wc:tJ
BOX NUMBER: C)
FILE NUMBER: l4~J'2
NUMBER OF PAGES:
7?-
7.
"",..
.
..
::
February 21, 2000
Augusta-Richmond County Commission and
Aviation Commission, Augusta,y:~gi(jnal Airport at
Bush Field d
Augusta, Georgia .,/ f
We are pleased to confirm our understanding of the services we are to provide for Augusta Regional Airport
at Bush Field Aviation Commission for the year ended December 31, 1999.
Summary of Services
We will audit the financial statements of Bush Field Airport (the "Airport") as of and for the year ended
December 31, 1999. The objective of our audit is the expression of an opinion as to whether the financial
statements are fairly presented, in all material respects, 'in conformity with generally accepted accounting
princip~es; The objective also includes reporting on Bush Fields's compliance with laws and regulations and
thl~ provisions of contracts and grant agreements and its internal controls as required by the Single Audit Act
Amendments of 1996 and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit
Organizations. Our audit will include determining whether funds paid, and property or services transferred
to sponsors were paid or transferred in a manner consistent with49 U.S.c. Section 47107(b) and related
policies and procedures, including the Federal Aviation Admi'nistration's (FAA) Policy and Procedures
Concerning the Use of Airport Revenues. Our audit will be conducted in accordance with generally accepted
auditing standards; the standards for financial audits contained in Government Auditing Standards, issued
by the Comptroller General of the United States, the Single Audit Act Amendments of 1996; and the
provisions of OMB Circular A-133, and will include tests of the accounting records of the Airport and other
procedures we consider necessary to enable us to express such an opinion and to render the required Single
Audit and FAA reports. Ifour opinion on the financial statements or the Single Audit and FAA compliance
opinion is other than unqualified, we will fully discuss the reasons with you in advance. If, for any reason,
we;: are unable to complete the audit or are unable to express an opinion, we may decline to express an
opinion or inaynot issue a report as a result of this engagement.
Our. procedures will include tests of documentary evidence supporting the transactions recorded in the
ac(~ounts, _and may include tests of assets and liabilities by correspondence with selected individuals;
cn:ditors, and financial institutions. We will request written representations from your attorneys as part of .
the;: engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will
also request certain written representations from you about the financial statements and related matters.
An. audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financia) statements; therefore, our audit will involve judgment about the number of transactions to be
examined and th.~ areas to be tested. Also, we will plan and perform the audit to obtain reasonable assurance
rather than absolute assurance about whether the financial statements are free of material misstatement,
whether caused by error or fraud. As required by the Single Audit Act Amendments of 1996 and OMB
Circular A-I33 and 49 U.S.c. Section 471 07(b), our audit will include tests of transactions related to federal
'" .
.
..
..
;-
Augusta-Richmond County Commission and 2
Aviation Commission, Augusta Regional Airport at
Bush Field
February 21, 2000
award programs for compliance with applicable laws and regulations and the provisions of contracts and
grant agreements., and funds paid and property or services transferred to sponsors. However, because of the
concept of reasonable assurance and because we will not perform a detailed examination of all transactIons,
thl~re is a risk that material errors, irregularities, or illegal acts, including fraud or defalcations, may exist and
not be detected by us. In addition, an audit is not designed to detect errors, fraud, or other illegal acts that.
afl~ immaterial to the financial statements or to major programs. We will inform you, however, of any
matters of that nature that come to our attention, and we will include such matters in the reports required for
a single audit. Our responsibility as auditors is limited to the period covered by our audit and does not
extend to matters that might arise during any later periods for which we are not engaged as auditors.
Any additional services that you may request, and that we agree to provide, will be the subject of separate
, written agreements. If Cherry, Bekaert & Holland's report on the Airport's financial statements is included
in the publication of any document, including a bond offering, you agree to obtain our written permission
prior to publicatiop of our report. Our Firm's standards and professional stand~rds require that we review
any document that includes our report, and we will bill you separately for any such review that is required
by us.
This engagement will be led by Kip Plowman, Partner, who is responsible for assuring the overall quality,
value, and timeliness of our services to you. Robbie Ewald will continue to serve as the in-charge auditor
during the field work.
Management Responsibility
The management of the Airport ("Management") is responsible for establishing and maintaining an internal
control structure. In fulfilling this responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control structure policies and procedures. The
objectives of an internal control structure are to provide management with reasonable, but not absolute,
assurance that assets are safeguarded against loss from unauthorized use or disposition, that transactions are
executed in accordance with management's authorizations and recorded properly to permit the preparation
of financial statements in accordance with generally accepted accounting principles, and that federal
financial assistance programs are managed in compliance with applicable laws and regulations.
Internal Control Structure
In planning and performing our audit, we will consider the internal control structure in order to determine
our auditing procedures for the purpose of expressing our opinions on the' Airport's financial statements, on
its compliance with requirements applicable to major federal financial assistance programs and FAA's policy
on use of airport revenue, and to report on the internal control structure in accordance with OMB Circular
A-133 arid 49 U.S.C. Section 471 07(b). Our audit is not designed to provide assurance on internal control.
W,~ will update our understanding of the design of the relevant policies and procedures and whether they
have been placed in operation, and we will assess control risk. Tests of controls may be pe,rformed to test
thf: effectiveness of certain policies and procedures that we consider relevant to preventing and detecting
enms and irregularities that are material to the financial statements, flnd to preventing and detecting
misstatements resulting from illegal acts and other noncompliance matters that have a direct and material
effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to
;.
~
Augusta-Richmond County Commission and 3
Aviation Commission, Augusta Regional Airport at
Bush Field
February 21,2000
render an opinion on the internal control structure policies and procedures and, accordingly, no opinion will -
be expressed.
W,e will perform tests of controls, as required by OMB Circular A-l33 and 49 U.S.C. Section 47107(b), to
evaluate the effectiveness of the design and operation of internal control policies and procedures that we
consider relevant to preventing or detecting material noncompliance with specific requirements, general
requirements, and requirements governing claims for advances and reimbursements and amounts claimed
or used for.matching that are applicable to each of the Airport's major federal financial assistance programs
and its use of airport revenue. Our tests will be less in scope than would be necessary to render an opinion
on the internal control structure policies and procedures and, accordingly, no opinion will be expressed. We
will inform you of any matters involving internal control structure and its operation that we consider to be
reportable conditions under standards established by the American Institute of Certified Public Accountants.
Reportable conditions involve matters coming to our attention relating to significant deficiencies in the
design or operation of the internal control structure that, in our judgment, could adversely affect the entity's
ability to record, process, summarize, and report financial data consistent with the assertions of management
in the financial statements. We will also infonn you of any nonreportable conditibnsor other matters
involving the internal control structure, if any, as required by OMB Circular A-l33.
Compliance Responsibility
Compliance with laws, regulations, contracts, and grant agreements applicable to the Airport is
the responsibility of the Airport's management. As part of obtaining reasonable assurance about whether
the financial statements are free of material misstatement, we will perform tests of the Airport's compliance
with certain provisions of laws, regulations, contracts, and grants. However, the objective of our audit will
not be to provide an opinion on overall compliance with such provisions, and we will not express such an
OpInIOn.
Our audit will be conducted in accordance with the standards referred to in the second paragraph of this
letter. Those standards require that we plan and perform the aud'it to obtain reasonable assurance about
whether material noncompliance with the requirements governing types of services allowed or
unallowed; eligibility; matching, leyel of effort, or earmarking; reporting; special tests and provisions; claims
for advances and reimbursements; and amounts claimed or used for matching that are applicable to major
programs o'ccurred; and whether funds paid and property or services transferred to sponsors were paid or
transferred in a manner consistent with 49 U.S.C. ,Section 47107(b) and FAA's' Policy and Procedures
Regarding the Use of Airport Revenues. The purpose of our audit will be to express an opinion on the
Airport's compliance with ~he specific requirements applicable to major programs listed in the previous
sentence and the revenue use requirement.
We will perform certain procedures to test the Airport's compliarice with the general requirements applicable
to its federal financial assistance programs as required by OMB Circular A-l33 and 49 U.S.C. -Section
47107(b) and FAA's Policy and Procedures Regarding the Use of Airport Revenues. Our procedures will
be limited to the applicable procedures described in OMB's Compliance Supplement for Single Audits of
State and Local Governments and 49 U.S.c. Section 471 07(b) and FAA's Policy and Procedures Regarding
the Use of Airport Revenues. Our procedures will be substantially less in scope than an audit, the objective
.'.
..
;'
Augusta-Richmond County Commission and 4
Aviation Commission, Augusta Regional Airport at
Bush Field
February 21,2000
)
of which is the expression of an opinion on the general requirements, and we will not express such an
opmlOn.
T(~rms and Conditions Supporting Fee
As a result of our planning process, the Airport and Cherry, Bekaert & Holland, L.L.P. have agreed to a fee,
subject to the following conditions.
To facilitate meeting our mutual objectives, the Airport will provide in a timely manner audit schedules and
supporting information, including timely communication of all significant accounting and financial reporting
matters, as well as working space and clerical assistance as mutually agreed upon and as is normal and
reasonable in the circumstances. When and iffor any reason the Airport is unable to provide such schedules,
information and assistance, Cherry, Bekaert & Holland, L.L.P. and the Airport will mutually revise the fee
to reflect additional services, if any, required of us to achieve these objectives.
In providing our services, we will consult with the Airport with respect to matters of accounting, financial
reporting or other significant business issues. Accordingly, time necessary to effect a reasonable amount
of such consultation is reflected in our fee. However, should a matter require research, consultation or audit
work beyond that amount, Cherry, Bekaert & Holland, L.L.P. and the Airport will agree to an appropriate
revision in services and fee. '
Except for any changes in fees which may result from the circumstances described above, our fees will be
limited to those set forth below.
W(~ will prepare a schedule of required documents and a timetable for completion by Airport personnel. We
understand that you will provide us with the information required for our audit and that you are responsible
for the accuracy and completeness of that information. We will advise you about appropriate accounting
principles and their application and will assist in the preparation of your financial statements, but the
responsibility for the financial statements remains with you. This responsibility includes the
ma.intenahce of adequate records and related internal control structure policies and procedures, the selection
and\application of accounting principles, and the safeguarding of assets.
We understand that your employees will type confirmations and other items we request and will locate
invoices selected by us for testing.
W(~ anticipate delivering the report to you by June 30, provided we receive your trial balances by March 31,
and receive maximum cooperation from your personnel.
Year 2000 Issues
Although the majority of our audit engagement will be conducted subsequent to January 1, 2000, an audit
of:financial statements conducted in accordance with generally accepted auditing standards is not designed
to detect whether an organization's systems are year 2000 compliant. System errors arising as a result of
the Year 2000 may continue to occur or become evident for both the Airport as well as the Airport's vendors
and service providers after our audit is complete. We have no responsibility with regard to the efforts
made by the Airport's vendors, service providers, or any other third parties, year 2000 compliant or provide
Augusta-Richmond County Commission and 5
Aviation Commission, Augusta Regional Airport at
Bush Field
February 21,2000
assurance on whether the Airport has addressed all system errors as a result of the Year 2000. These are
responsibilities of the Airport's management.
R(~presentation from Management
Management is responsible for the fair presentation of the financial statements in conformity with generally
accepted accounting principles, for making all financial records and related information available to,us, and
for identifying and ensuring that the entity complies with the laws and regulations applicable, to its
activities. At the conclusion of the engagement, the Airport's management will provide to us a
representation letter that, among other things, addresses these matters and confirms certain representations
made during the audit, including, to the best of their knowledge and belief, the absence of fraud involving
management or those employees who have significant roles in the entity's internal control, or others where
it I::ould have a material effect on the financial statements. These representations include management's
acceptance and understanding of their responsibilities with respect to the internal control structure and
internal audit function as described in this engagement letter.
Communications
At the conclusion of the engagement, we will provide management, in a mutually agreeable format, our
recommendations designed to help the Airport make improvements in its internal control structure and
operations, and other matters that may come to our attention (see "Responsibilities as to Internal Controls"
above ).
A(:cess to Working Papers
The working papers for the engagement are the property of Cherry, Bekaert & Holland, L.L.P. and constitute
confidential information. Except as discussed below, any requests for access to our working papers will be
discussed with you prior to making them available to requesting parties.
Our Firm, as well as all other major accounting firms, participates in a "peer review" program, covering our
audit and accounting practices. This program requires that once every three years we subject our quality
assurance practices to an examination by another accounting firm. As part of the process, the other firm will
review a sample of our work. It is possible that the work we perform for you may be selected by the other
firm for theirreview. If it is, they are bound by professional standards to keep all information confidential.
If you object to having the work we do for you reviewed by our peer reviewer, please notify us in writing.
Subpoenas . _
In the event we are requested or authorized by you or required by government regulation, subpoena, or other
legal process to produce our working papers or our personnel as witnesses with respect to our engagement
for you, you will, so long as we are not a p.arty to the proceeding in which the information is sought,
reimburse us for our professional time and expense, as well as the fees and expenses of our counsel, incurred
in responding to such a request.
..,. ......
~
Augusta-Richmond County Commission and 6
Aviation Commission, Augusta Regional Airport at
Bush Field
February 21, 2000
FE:e
Our fees for the serVices described above will be as follows:
Financial audit
Single audit
FAA audit certification
$ 6,000
2,500
1.500
$10.000
Services performed in connection with non-audit items will be billed separately based on standard billing
procedures.
Government Auditinf! Standards requires that we provide you with a copy of our most recent quality review
report. Our peer review report accompanies this letter.
W,~ appreciate the opportunity to be of service to the Airport and believe this letter accurately summarizes
the: significant terms of our engagement. If you have questions, please let us know. If you agree with
the: tenns of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Sincerely,
. CHERRY, BEKAERT & HOLLAND, L.L.P.
r.L,~ ~A""';"~Lt.P.
--"---7 I '. .
. ~,
Augusta-Richmond County Commission and 7
Aviation Commission, Augusta Regional Airport at
Bush Field
February 21,2000
RESPONSE:
This letter correctly sets forth the understanding of Augusta Regional Airport at Bush Field Aviation
Commission, with regard to the audit of its financial statements, Single audit and FAA audit
certification for the year ended December 31, 1999.'
Augusta-Richmon
~1~W
1 /f~()'
f
AccePt~:
Title:
%
~
Date:
Augusta Regional Airport at Bush Field Aviation Commission
Accepted by:
~~{ ~~~
ec(~~
<((0/ t-~ ~v
Title:
Datl~:
j:~. ,
...~. .,~
.. ... ~
.~ .
February 14,2000
Augusta-Richmond County Commission
Augusta, Georgia
We are pleased to confirm our understanding of the services we are to provide for Augusta-Richmond County (the
"City") for the year ended December 31, 1999.
Summary of Services
Financial audit
We will audit the financial statements of Augusta Utilities Department (the "Department") as of and for the
year ended December 31, 1999. The objective of our audit is the expression of an opinion as to whether the
financial statements are fairly presented, in all material respects, in conformity with generally accepted
accounting principles. The objective also includes reporting on the Department's compliance with laws and
regulations. Our audit will be conducted in accordance with generally accepted auditing standards; the
standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General
of the United States, and will include tests of the accounting records of the Department and other procedures
we consider necessary to enable us to express such an opinion. If our opinion on the financial statements is
other than unqualified, we will fully discuss the reasons with you in advance. If, for any reason, we are unable
to complete the audit or are unable to express an opinion, we may decline to express an opinion or may not
issue a report as a result of this engagement.
It is our understanding that the Department expended less than $300,000 in federal financial assistance for the
year ended December 31, 1999. As such, an audit under the Single AuditAct Amendments for 1996 and OMB
Circular A-133, Audits of States. Local Governments, and Non-Profit Organizations is not required.
Our 'procedures will include tests of documentary evidence supporting the transactions recorded in the
accounts, and may include tests of assets and liabilities by correspondence with selected individuals, creditors,
and financial institutions. We will request written representations from your attorneys as part of the
engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will also
rc~quest certain written representations from you about the financial statements and related matters.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
sl:atements; therefore, our audit will involve judgment about the number of transactions to be examined and
the areas to be tested. Also, we will plan and perform the audit to obtain reasonable assurance rather than
absolute assurance about whether the financial statements are free of material misstatement, whether caused
by error or fraud. However, because of the concept of reasonable assurance and because we will not perform
a detailed examination of all transactions, there is a risk that material errors, irregularities, or illegal acts,
including fraud or defalcations, may exist and not be detected by us. In addition, an audit is not designed to
dl;tect errors, fraud, or other illegal acts that are immaterial to the financial statements. We will inform you,
Cherry, Bekaert & Holland, L.L.P.
J 029 Greene Street (3090 I) . Po. Box 2247 . Augusta, GA 30903 . (706) 724-3557 . Fax (706) 724-1667
Offices Throughout The Southeast. Represented Internationally Through Summit International Associates. Inc.
J'Jo
..,,,
". ~.
.'
'!'; .
Augusta-Richmond County Commission
2
February 14,2000
however, of any matters of that nature that come to our attention. Our responsibility as auditors is limited to the
period covered by our audit and does not extend to matters that might arise during any later periods for which we
are: not engaged as auditors.
Any additional services that you may request, and that we agree to provide, will be the subject of separate
written agreements.
Thl~ City may wish to include these financial statements in a bond offering at some future date. Before we consent
to such use of our report on the audit of the financial statements of the Department, we are required to read the
bond offering documents and perform certain other procedures. This would constitute a new engagement and,
accordingly, you agree that the aforementioned financial statements and our audit report, or reference to our Firm,
will not be included in any such offering without our prior written permission.
This engagement will be led by Kendall O. Fields and Kip Plowman, Partners, who are responsible for assuring
the overall quality, value, and timeliness of our services to you.. Paul L. Chancey will continue to serve as the audit
manager during the field work.
Management Responsibility
The management of Augusta-Richmond County ("Management") is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required
to assess the expected benefits and related costs of internal control structure policies and procedures. The
objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance
that assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in
accordance with management's authorizations and recorded properly to permit the preparation of general purpose
financial statements in accordance with generally accepted accounting principles, and that federal financial
assistance programs are managed in compliance with applicable laws and regulations.
Internal Control Structure
In planning and performing our audit, we will consider the internal control structure in order to determine our
auditing procedures for the purpose of expressing our opinions on the Department's financial statements. Our
audit is not designed to provide assurance on internal control, including any Year 2000 issues relating to
computerized operations.
We will update our understanding of the design of the relevant policies and procedures and whether they have been
placed in operation, and we will assess control risk. Tests of controls may be performed to test the effectiveness
of certain policies and procedures that we consider relevant to preventing and detecting errors and irregularities
that are material to the financial statements, and to preventing and detecting misstatements resulting from illegal
acts imd other noncompliance matters that have a direct and material effect on the financial statements. Our tests,
if pelformed, will be less in scope than would be necessary to render an opinion on the internal control structure
policies and procedures and, accordingly, no opinion will be expressed.
We will inform you of any matters involving internal control structure and its operation that we consider to be
reportable conditions under standards established by the American Institute of Certified Public Accountants.
Reportable conditions involve matters coming to our attention relating to significant deficiencies in the design or
operation of the internal control structure that, in our judgment, could adversely affect the entity's ability to record,
process, summarize, and report financial data consistent with the assertions of management in the financial
statements.
Terms and Conditions Supporting Fee
As a result of our planning process, the City and Cherry, Bekaert & Holland, L.L.P. have agreed to a fee,
subject to the following conditions.
,.. .
.r ~,
~ -;-~
~
.' ~
Augusta-Richmond County Commission
3
February 14,2000
To facilitate meeting our mutual objectives, the Department will provide in a timely manner audit schedules and
supporting information, including timely communication of all significant accounting and financial reporting
matters, as well as working space and clerical assistance as mutually agreed upon and as is normal and reasonable
in the circumstances. When and iffor any reason the Department is unable to provide such schedules, information
and assistance, Cherry, Bekaert & Holland; L.L.P. and the City will mutually revise the fee to reflect additional
services, if any, required of us to achieve these objectives.
In providing our services, we will consult with the City with respect to matters of accounting, financial
reporting or other significant business issues. Accordingly, time necessary to effect a reasonable amount of such
con,5ultation is reflected in our fee. However, should a matter require research, consultation or audit work beyond
that amount, Cherry, Bekaert & Holland, L.L.P. and the City will agree to an appropriate revision in services and
fee.
Except for any changes in fees which may result from the circumstances described above, our fees will be limited
to those set forth below.
We will prepare a schedtile of required documents and a timetable for completion by Department personnel. We
understand that you will provide us with the information required for our audit and that you are responsible for
the accuracy and completeness of that information. We will advise you about appropriate accounting principles
and their application and will assist in the preparation of your financial statements, but the responsibility for the
financial statements remains with you. This responsibility includes' the maintenance of adequate records and
related internal control structure policies and procedures, the selection and application of accounting principles,
and the safeguarding of assets.
We understand that your employees will type confirmations and other items we request and will locate invoices
selected by us for testing.
We anticipate delivering the report to you by May 31, provided we receive the Department's adjusted trial balance
by March 31, and receive maximum cooperation from Department personnel.
Year 2000 Issues
Although the majority of our audit engagement will be conducted subsequent to January I, 2000, an audit of
financial statements conducted in accordance with generally accepted auditing standards is not designed to detect
whether an organization's systems are year 2000 compliant. System errors arising as a result of the Year 2000 may
continue to occur or become evident for both the City as well as the City's vendors and service providers after our
audit is complete. We have no responsibility with regard to the efforts made by the City's vendors, service
providers, or any other third parties, year 2000 compliant or provide assurance on whether the City has addressed
all system errors as a result of the Year 2000. These are responsibilities of the City's management.'
Representation from Management
Management is responsible for the fair presentation of the financial statements in conformity with generally
accepted accounting principles, for making all financial records and related information available to us, and for
identifying and ensuring that the entity complies with the laws and regulations applicable to its activities. At
the conclusion of the engagement, the City's management will provide to us a representation letter that, among
other things, addresses these matters and confirms certain representations made during the audit, including, to the
best of their knowledge and belief, the absence of fraud involving management or those employees who have
significant roles in the entity's internal control, or others where it could have a material effect on'the financial
statements. These representations include management's acceptance and understanding of their responsibilities
with respect to the internal control structure and internal audit function as described in this engagement letter.
;r. .
J .-
~r '-;;'~
.... '(.'
Augusta-Richmond County Commission
4
February 14,2000
'1.
Communications
At the conclusion of the engagement, we will provide management, in a mutually agreeable format, our
recommendations designed to help the Department make improvements in its internal control structure and
opt:rations, and other matters that may come to our attention (see "Responsibilities as to Internal Controls" above).
ACI:ess to Working Papers
The working papers for the engagement are the property of Cherry, Bekaert & Holland, L.L.P. and constitute
confidential information. Except as discussed below, any requests for access to our working papers will be
discussed with you prior to making them available to requesting parties.
Our Firm, as well as all other major accounting firms, participates in a "peer review" program, covering our audit
and accounting practices. This program requires that once every three years we subject our quality assurance
practices to an examination by another accounting firm. As part of the process, the other firm will review a sample
of our work. It is possible that the work we perform for you may be selected by the other firm for their review.
If it is, they are bound by professional standards to keep all information confidential. If you object to having the
work we do for you reviewed by our peer reviewer, please notify us in writing.
Subpoenas
In the event we are requested or authorized by you or required by government regulation, subpoena, or other legal
process to produce our working papers or bur personnel as witnesses with respect to our engagement for you, you
will, so long as we are not a party to the proceeding in which the information is sought, reimburse us for our
profi~ssional time and expense, as well as the fees and expenses of our counsel, incurred in responding to such a
request.
Fee
Our fees for these services wi II be based on actual time spent based on our standard billing procedures, plus out-of-
pocket costs such as report production, typing, postage, etc. Our hourly rates vary according to the degree of
responsibility involved and the experience level of the personnel assigned to your audit. However, we agree that
our fee for the services described will be $10,000. Our invoices for these fees will be rendered each month as
work progresses and are payable on presentation.
Services performed in connection with non-audit items will be billed separately based on standard billing
procedures.
Government Auditing Standards requires that we provide you with a copy of our most recent quality review report.
Our peer review report accompanies this letter.
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 questions, please letus know. If you agree with
the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Sincerely,
CHERRY, BEKAERT & HOLLAND, L.L.P.
~ ~r I/~~M~
4.... : ...,,....4"';
!);~
(
Augusta-Richmond County Commission
5
February 14,2000
RESPONSE:
This letter correctly sets forth the understanding of Augusta-Richmond County, Georgia, with regards to the audit
of th,e financial statements of the Augusta Utilities Department for the year ended December 31, 1999.
Augusta-Richmond County, Georgia
Acc~PtedcrY:
- I .
"f'
. ~
Title:
M. ~'1 <' V
Date:
tf! f foo