Teaman, Ramirez & Smith, Inc - Cost ProposalI
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CITY OF LA QUINTA
AUDIT COST PROPOSAL
MARCH 1,2017
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TEAMAN. RAMIREZ & SMITH. INC.
CERT I FI ED PUBL IC ACCOUNTANTS
March 1,2017
City of La Quinta
Finance Department
78495 Calle Tampico
La Quinta, California 92253
We are pleased to present this audit cost proposal. We have provided you with a significant amount of
information about our firm, our service approach to auditing and the individuals who will serve you. We
are committed to provide the highest level of service to the City of La Quinta at a reasonable cost.
The total all-inclusive maximum prices for the audit services to be provided to the City of La Quinta for the
fiscal years ending June 30,2017 through 2021 as detailed in our proposal are as follows;
2020/212018/19 2019/202016/17 2017/18Service
$ 36,750$ 36,750 $ 36,750$ 36,750 $ 36,750City Audit and Related Reports
$ 500 $ 500$ 500 $ 500$ 500GANN Limit Review Report
$ 4,500 $ 4,500$ 4,500 $ 4,500 $ 4,500Single Audit and Related Report
$ 2,500 $ 2,500$ 2,500 $ 2,500State Controller’s Report Preparation $ 2,500
Housing Authority Audit and Related
Compliance Reports $ 5,500 $ 5,500$ 5,500 $ 5,500 $ 5,500
$ 4,500 $ 4,500$ 4,500 $ 4,500$ 4,500Successor Agency
$ 3,750 $ 3,750 $ 3,750$ 3,750 $ 3,750Financing Authority
$ 58,000 S 58,000$ 58,000 $ 58,000Total For Fiscal Year (not-to-exceed)$ 58,000
Total CostHourly RateHours
$$190 34,200
5,200
9,900
12,600
180Partners
Manager
Senior Accountant
Staff Accountant
$$13040
$$no90
$$90140
$61,900450Subtotal
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$3,900Fee Discount
58,000$Total all-inclusive maximum price
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Richard A. Teaman, CPA • David M. Ramirez, CPA « Javier H. Carrillo, CPA « Bryan P. Daugherty, CPA ® Joshua J. Calhoun, CPA
4201 Brockton Avenue Suite 100 Riverside CA 92501 951.274.9500 TEL 951.274.7828 FAX www.trscpas.comIJ
This proposal is based on the current audit scope, and is made with the assumption that the City's books and
records will be in a reasonably balanced condition and reconciled at the start of the audit and that the
representations made to us during this proposal process will remain effective throughout our engagement.
The above fees for single audit are based on the assumption that the single audit will include no more than
two major programs, in accordance with 0MB Uniform Guidance. Additional fee per single audit program
will be $2,500.
We agree the City may broaden the scope of our engagement and we agree to hold ourselves available to
perform such additional work as the City may desire. Our proposed hourly rates for additional services are
listed below. A progress billing will be submitted after our interim audit procedures. A final billing will be
submitted upon delivery of all required reports. No billings will be made for out-of-pocket expenses or any
other expenses such as typing, clerical, printing or travel costs.
Thank you for providing us the opportunity to present our proposal for audit services. We certify that
Joshua Calhoun is entitled to represent the firm, empowered to submit this bid and authorized to sign a
contract with the City of La Quinta. Should you have any questions regarding our proposal or desire
additional information, please call Joshua Calhoun, Partner, at (951) 274-9500.
Respectfully submitted.
TEAMAN, RAMIREZ & SMITH, INC.
Joshua J. Calhoun
Certified Public Accountant
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Auditors Standard Hourly Billing Rates
Position
$ 190Partner
$ 140Manager
$ 120Senior Accountant
$ 100Staff Accountant
N/AClerical
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TEAMAN. RAMIREZ & SMITH. INC.
CERT I FI ED PUBL I C ACCOUNTANTS