Moss, Levy & Hartzheim LLP - Cost ProposalCITY OF LA QUINTA
COST PROPOSAL FOR PROFESSIONAL
AUDITING SERVICES RFP
For the Fiscal Years Ending June 30,2017 through 2019
(Optional Fiscal Years Ending June 30,2020 and 2021)
Submitted By:
Moss, Levy & Hartzheim, LLP
5800 Hannum Avenue, Suite E
Culver City, California 90230
Phone: (310) 670-2745
Fax: (310) 670-1689
Submitted On:
February 28, 2017
Contact Person:
Craig A. Hartzheim, CPA: Partner
Ron A. Levy, CPA: Partner
Hadley Y. Hui, CPA: Partner
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
FOR THE AUDIT OF THE FISCAL YEAR JUNE 30. 2017 FINANCIAL STATEMENTS
Standard
Hourly
Rates
Quoted
Hourly
Rates
Total
2017Hours
Partner 94 $ 225 $ 175 $ 16,450
Manager 134 175 16,750125
Senior Accountant 115 115 100 11,500
Staff Accountant 153 95 80 12,240
Other: Clerical 52 75 65 3,380
Subtotal 548 $ 60,320
Total for services described
' in Section 9-G,H,I the request for proposals,
(detail on subsequent pages)
Out-of-pocket expenses:
Meals and lodging
Transportation
Other: Discount (6,635)
Total all-inclusive maximum price
for 2016/2017 financial statement audit $ 53,685
Note:
Single Audit may not occur in each year ofthe contract term - subject to City's expending of current federal
awards granted and any new additional awards received and expended in future years. It appears that the
City has one major program which it is included in this price; therefore, for any additional major program
required to be tested will be $2,750.
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
FOR TPIE AUDIT OF THE FISCAL YEAR JUNE 30. 2018 FINANCIAL STATEMENTS
Standard
Hourly
Rates
Quoted
Hourly
Rates
Total
2018Hours
Partner 94 $. 225 $ 178 $ 16,732
Manager 134 175 128 17,152
Senior Accountant 115 115 102 11,730
Staff Accountant 153 95 81 12,393
Other: Clerical 52 75 66 3,432
Subtotal 548 $ 61,439
Total for services described
in Section 9-G,H,I the request for proposals,
(detail on subsequent pages)
Out-of-pocket expenses:
Meals and lodging
Transportation
Other: Discount (6,758)
Total all-inclusive maximum price
for 2017/2018 financial statement audit $ 54,681
Note:
Single Audit may not occur in each year of the contract term - subject to City's expending of current federal
awards granted and any new additional awards received and expended in future years. It appears that the
City has one major program which it is included in this price; therefore, for any additional major program
required to be tested will be $2,755.
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
FOR THE AUDIT OF THE FISCAL YEAR JUNE 30.2019 FINANCIAL STATEMENTS
Standard
Hourly
Rates
Quoted
Hourly
Rates
Total
Hours 2019
Partner 94 $ 225 $ 181 $ 17,014
Manager 134 175 131 17,554
Senior Accountant 115 115 104 11,960
Staff Accountant 153 95 82 12,546
Other: Clerical 52 75 67 3,484
Subtotal 548 $ 62,558
Total for services described
in Section 9-G,H,I the request for proposals,
(detail on subsequent pages)
Out-of-pocket expenses:
Meals and lodging
Transportation
Other: Discount (6,881)
Total all-inclusive maximum price
for 2018/2019 financial statement audit $ 55,677
Note:
Single Audit may not occur in each year of the contract term - subject to City's expending of current federal
awards granted and any new additional awards received and expended in future years. It appears that the
City has one major program which it is included in this price; therefore, for any additional major program
required to be tested will be $2,760.
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
FOR THE AUDIT OF THE FISCAL YEAR JUNE 30.2020 rOPTIONAL^ FINANCIAL STATEMENTS
Standard
Hourly
Rates
Quoted
Hourly
Rates
Total
Hours 2020
Partner 94 $ 225 $ 184 $ 17,296
Manager 134 175 134 17,956
Senior Accountant 115 115 106 12,190
Staff Accountant 153 95 83 12,699
Other: Clerical 52 75 68 3,536
Subtotal 548 $ 63,677
Total for services described
in Section 9-G,H,I the request for proposals,
(detail on subsequent pages)
Out-of-pocket expenses:
Meals and lodging
Transportation
Other; Discount (7,004)
Total all-inclusive maximum price
for 2019/2020 financial statement audit $ 56,673
Note:
Single Audit may not occur in each year of the contract term - subject to City's expending of current federal
awards granted and any new additional awards received and expended in future years. It appears that the
City has one major program which it is included in this price; therefore, for any additional major program
required to be tested will be $2,765.
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
FOR THE AUDIT OF THE FISCAL YEAR JUNE 30. 2021 rOPTIONAL^ FINANCIAL STATEMENTS
Standard
Hourly
Rates
Quoted
Hourly
Rates
Total
Hours 2021
Partner 94 $ 225 $ 187 $ 17,578
Manager 134 175 137 18,358
Senior Accountant 115 115 108 12,420
Staff Accountant 153 95 84 12,852
Other: Clerical 52 75 69 3,588
Subtotal 548 $ 64,796
Total for services described
in Section 9-G,H,I the request for proposals,
(detail on subsequent pages)
Out-of-pocket expenses:
Meals and lodging
I
Transportation
Other: Discount (7,128)
Total all-inclusive maximum price
for 2020/2021 financial statement audit $ 57,668
Note:
Single Audit may not occur in each year of the contract term - subject to City's expending of current federal
awards granted and any new additional awards received and expended in future years. It appears that the
City has one major program which it is included in this price; therefore, for any additional major program
required to be tested will be $2,770.
RATES FOR ADDITIONAL PROFESSIONAL SERVICES
Auditors Standard Hourly Bil ing Rates
2018/19POSITION2016/17 2017/18 2019/20 2020/21
Partner $ 175 $ 178 $ 181 $ 184 $ 187
Manager $ 125 $ 128 $ 131 $ 134 $ 137
Senior Accountant $ 100 $ 102 $ 104 $ 106 $ 108
Staff Accountant $80 $ 81 $ 82 $ 83 $ 84
Clerical $ 65 $ 66 $ 67 $ 68 $ 69
Any request from the City of La Quinta by Moss, Levy & Hartzheim, LLP for additional services as a result
of specific recommendations included in any report issued on this engagement shall be set forth in an
addendum to the contract between the City of La Quinta and Moss, Levy & Hartzheim, LLP. Any such
additional work agreed to between the City of La Quinta and Moss, Levy & Hartzheim, LLP shall be
performed at the same rates set forth in the schedule of professional fees and expenses.
MANNER OF PAYMENT
Progress payments will be made on the basis of hours of work completed during the course of the
engagement. Interim billings shall cover a period of not less than one calendar month.
DISCOUNT
Due to the current economic environment. Moss, Levy & Hartzheim, LLP has accepted the fact that in
order for government entities to survive some of the revenue cutbacks, contractors will need to reassess
their hourly fees or total estimate of costs. Therefore, we are reducing our total estimate fees to assist the
City in these challenging economic times.
I
Respectfully submitted,
y
Craigs. Hartzheim, CPA
Partner