05-1604 Audit Services Renewal - Laserfiche WebLink

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City of Casselberry June 13, 2005 Page 5 significant additional time is necessary, the Auditor will discuss it with management and arrive at a new fee estimate before they incur the additional costs. These fees will be invoiced on an interim basis during the progress of our engagement. Invoices are due within ten (10) days of the invoice date. Any remaining balance is due upon delivery of the final product. Any subsequent discussions, conferences, telephone conversations, correspondence or related services will be invoiced separately. In the event we are requested or authorized by the City or are required by government regulation, subpoena, or other legal process to produce our documents or our personnel as witnesses with respect to our engagements for the City, the City will, so long as we are not a party to the proceeding in which the information is sought, reimburse us for our professional time and expenses, as well as the fees and expenses of our counsel, incurred in responding to such requests. A service charge of 1.5 percent per month will be assessed on any invoice not paid within thirty (30) days of the invoice date. We reserve the right to halt further services until payment on past due invoices is received. In the event that coJlection procedures are required, you agree to pay all expenses of coJlection, including collection efforts by our staff, which wilJ be billed at our standard hourly rates, and all attorney's fees and costs actually incurred by our Firm in connection with such coJlection, whether or not suit is filed thereon. The City can opt to have the Auditor prepare the financial section of the basic financial statements and assemble the Comprehensive Annual Financial Report for an additional fee of $5,000 for 2005, $5,500 for 2006 and $6,000 for 2007. Notification must be provided to the Auditor at least 4 weeks before the service is provided to ensure timely service. This agreement wilJ be interpreted in accordance with Florida law and the terms and conditions as required by the Florida Board of Accountancy, where applicable. Parties to this engagement agree that any dispute that may arise regarding the meaning, performance, or enforcement of this engagement will, prior to resorting to litigation, be submitted to mediation upon the written request of any party to the engagement. In the event that the parties cannot agree to a mediator, each wilJ choose one and the two wilJ choose a third, who wilJ serve as sole mediator. The results of this mediation shall be binding only upon agreement of each party to be bound. Costs of any mediation proceeding shall be shared equally by both parties. This engagement is for a limited period of time and is further limited by scope. Any other services performed on your behalf shall be by separate agreement. If at any time during the engagement, you fail to make prompt payments or cooperate with the staff performing this engagement, we reserve the right to suspend performance until such time as payment is made or cooperation resumes. Our engagement to serve as your independent auditor is contingent upon