Brown Armstrong CPA- Cost ProposalCertified Public Accountants
A
Jf ^
V
Proposal for
Auditing Services
Eric H. Xin, CPA, MBA/Partner
E: exin@bacpas.com
i
City of La Quinta
March 1, 2017
T: (661,) 324-4971
4200 Truxtun Ave., Suite 300
Bakersfield, CA 93309
I
A J V r ,t ,
iSw
COST PROPOSAL
BROWN Armstrong
f n r**I I •
1. Total All-Inclusive Maximum Price
a) Name of Firm:
Brown Armstrong Accountancy Corporation
b) Certification:
Brown Armstrong certifies that the person signing the proposal is entitled to
represent the firm, empowered to submit the bid, and authorized to sign a
contract with the City of La Quinta (the City),
c) Total All-Inclusive Maximum Annual Price
The total all-inclusive maximum price contains all direct and indirect costs,
including all out-of-pocket expenses. The total all-inclusive maximum price,
broken down by fiscal year, is as follows:
June 30,
2017
June 30,
2018
June 30,
2019
June 30,
2020
June 30,
2021
Total All-Inclusive
Maximum Price for Fiscal
Year
$ 65,125 $ 65,125 $ 65,125 $ 65,125 $ 65,125
Brown Armstrong Providing Auditing Accounting
Services for Over 40 Years
i.
Certified Public Accountants
1
COST PROPOSAL
2. Rates by Partner, Specialist, Supervisory and Staff Level
Positions Times Hours Anticipated for Each
The schedules of professional fees and expenses below provide the staff levels, hours
assigned to these levels, and the assigned hourly rates.
SCHEDULE OF PROFESSIONAL FEES
AND EXPENSES (PRICE PER YEAR)
ALL SERVICES
Quoted
Hourly
Rates
Standard
Hourly
Rates TotalHours
50 $$135 $ 6,750L240Partners
130 190 110 14.300LManagers
Supervisory Staff 14,40016015090
Staff 370 110 75 27.750L
Other (Clerical)35 85 55 1.925L
Subtotal 745 65.125L
A
Out-of-Pocket Expenses
Total All-Inclusive Maximum Price for All Services $ 65,125
/r
Brown Armstrong
Certified Public Accountants
Providing Auditing & Accounting
Services for Over 40 Years
2
COST PROPOSAL
SUPPORTING SCHEDULE OF PROFESSIONAL
FEES AND EXPENSES (PRICE PER YEAR)
CITY AUDIT
Standard
Hourly
Rates
Quoted
Hourly
RatesHours Total
Partners 32 $240 $135 $ 4,320
Managers
I
70 190 110 7,700
Supervisory Staff 70 150 90 6,300
Staff 280 110 75 21,000L
Other (Clerical)23 85 55 1,265
Subtotal 475 40,585L
Out-of-Pocket Expenses
Total All-Inclusive Maximum Price for the City Audit $ 40,585
SUPPORTING SCHEDULE OF PROFESSIONAL
FEES AND EXPENSES (PRICE PER YEAR)
HOUSING AUTHORITY AUDIT
Standard
Hourly
Rates
Quoted
Hourly
RatesHours Total
Partners 6 $$240 135 $810
Managers 20 190 110 2.200L
Supervisory Staff 30 150 90 2,700L
Staff 30 110 75 2.250L
Other (Clerical)4 85 55 220
Subtotal 90 8,180L
Out-of-Pocket Expenses
Total All-Inclusive Maximum Price for the Housing Authority Audit $ 8,180
Brown Armstrong
Certified Public Accountants
Providing Auditing & Accounting
Services for Over 40 Years
3
COST PROPOSAL
SUPPORTING SCHEDULE OF PROFESSIONAL
FEES AND EXPENSES (PRICE PER YEAR)
SUCCESSOR AGENCY AUDIT
Quoted
Hourly
Rates
Standard
Hourly
Rates TotalHours
Partners 240 $135 $6 $810
20 190 110 2,200Managers
Supervisory Staff 150 90 2,70030
Staff 30 110 75 2,250L
Other (Clerical)55 220485
Subtotal 90 8,180L
Out-of-Pocket Expenses
Total All-Inclusive Maximum Price for the Successor Agency Audit $ 8,180
SUPPORTING SCHEDULE OF PROFESSIONAL
FEES AND EXPENSES (PRICE PER YEAR)
FINANCING AUTHORITY AUDIT
Standard
Hourly
Rates
Quoted
Hourly
Rates.Hours Total
6Partners 240 $135 $810
Managers 20 190 110 2,200L
Supervisory Staff 30 150 90 2,700L
Staff 30 110 75 2,250
Other (Clerical)4 85 55 220•k-
Subtotal 90 8,180L
Out-of-Pocket Expenses
Tptal All-Inclusive Maximum Price for the Financing Authority Audit $ 8,180
1
I
Brown Armstrong Providing Auditing & Accounting
Services for Over 40 YearsCertified Public Accountants
4
COST PROPOSAL
3. Out-of-pocket Expenses in the Total Maximum Price and
Reimbursement Rates
All out-of-pocket expenses are included In the schedules of professional fees
and expenses included in this cost proposal.
In addition, for no additional cost, we will provide an additional 40 hours, above
and beyond the professional times associated with the audit, of
partner/manager time budgeted for research and assistance to City staff
concerning accounting and other technical matters each year.
4. Rates for Additional Professional Services
We do not anticipate that additional services will be necessary to complete the
audit. If it should become necessary for the City to request Brown Armstrong to
render any additional services to either supplement the services requested in
the Request for Proposal, or to perform additional work as a result of the
specific recommendations included in any report issued on this engagement,
then such additional work shall be performed only if set forth in an amendment
to the contract between the City and the Firm. Any such additional work agreed
to between the City and the Firm shall be performed at the same rates set forth
in the schedule of fees and expenses included in this cost proposal.
5. Manner of Payment
Brown Armstrong agrees to progress payments on the basis of hours of work
completed during the course of the engagement and out-of-pocket expenses
incurred in accordance with our dollar cost bid proposal. Interim billings shall
cover a period of not less than a calendar month. We understand that final
payment will be made upon delivery of the final reports.
Brown Armstrong
Certified Public Accountants
Providing Auditing & Accounting
Services for Over 40 Years
5