Loading...
HomeMy WebLinkAboutKPMG ADDENDUM TO COST ALLOCATION ENGAEMENT LETTER DATED SEPTEMBER 14, 2007 "( =u KPMG LLP Suite 2000 303 Peachtree Street, N E Atlanta, GA 30308 Telephone 404 222 3000 Fax 404 222 3050 Internet www.us.kpmg.com April 22, 2008 Ms. Kathy Williams Finance Analyst Augusta-Richmond County 530 Greene Street Augusta, Georgia 30911 Dear Ms. Williams: RE: Addendum to Cost Allocation Engagement Letter Dated September 14, 2007 Augusta-Richmond County staff has requested that in addition to providing the FY 06 Full Cost and OMB Circular A-87 Cost Allocation Plans, that KPMG also provide FY 07 Full Cost and OMB Circular A-87 Cost Allocation Plans. The County is currently contracted with KPMG through the signed engagement letter dated September 14, 2007 to provide the FY 06 Cost Allocation Plans. Signature and acceptance of this addendum letter will provide a contractual agreement for KPMG to also provide the FY 07 Cost Allocation Plans. This amendment is subject to the standard terms and conditions included as an attachment in the original September 14, 2007 engagement letter. The engagement team will be onsite performing the FY 06 fieldwork and the team will be able to simultaneously perform the FY 07 analysis. This will result in a savings to the County. KPMG will provide the FY 07 Full Cost and OMB A-87 Cost Allocation Plans for an additional reduced fee of $23,500. This creates a total cost of $49,000 for both the FY 06 and FY 07 Full Cost and A-87 Cost Allocation Plans. The FY 07 Cost Plans will follow the same approach and methodology for completion as the FY 06 Cost Plans as described in the original engagement letter. The FY 06 and FY 07 Cost Plans will be created and produced simultaneously therefore the draft and final deliverables for both fiscal years will be provided at the same time. The total engagement fee of $49,000 will be billed according to the schedule detailed in the original engagement letter which is the following: 50% of the fee thirty days after the initiation of fieldwork, 25% upon delivery of the draft plans, and 25% upon delivery of the final plans. KPMG LLP, a u.s. limited liability partnership. is the U.S. member firm of KPMG International. a Swiss cooperative. 11\ ~... IYJ We appreciate the opportunity to present this proposal to Augusta-Richmond County. We look forward to discussing our proposal with you and especially to performing these important services for the County. If you should have any questions, please contact me at (407) 563-2227 or David Roberts at (404) 222-3625. Very truly yours, f<~~ David L. Dennis Partner KPMG LLP ACCEPTED: ca :.f>f. t-- Authorized Signature V1.A; -f 0 51- Title ~\~~ ~ ~\ ~.