Vavrinek, Trine, Day & Co., LLP - Cost Proposali
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SECTION 7I
Cost Fee Proposal
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Cost Fee Proposal
(All Inclusive Maximum Price)
We are firmly committed to providing the City of La Quinta (City) with the superior level of
professional services that the Authority has come to expect from its independent auditors. We
strive to provide exceptional staff, quality, and value at the lowest possible fees consistent with
the expectations of the City. Our rates are competitive, even with our depth of experience and
commitment to quality.
However, we do not want fees alone to be an obstacle in the City’s selection of Vavrinek, Trine,
Day & Co., LLP. We would be happy to discuss and negotiate such fee issues and
responsibilities with you.
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
Proposed Audit Fees
Description of Services 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Audit of City, Housing Authority,
Successor Agency, Financing Authority
and partner/manager hours *$ 57,500 $ 57,500 $ 57,500 $ 57,500 $ 57,500
Single Audit (assuming one major program)**3,000 3,000 3,000 3,000 3.000)
GANN Limit 500 500 500 500 500
State Controller's Report 2,800 2,800 2,800 2,800 2,800
Total for Fiscal Year (not-to-exceed)$ 63,800 $ 63,800 $ 63,800 $ 63,800 $ 63,800
* includes 40 additional partner/manager consulting hours
if applicable, additional major programs will be quoted based on the complexity of the program
QUOTED HOURLY RATES OF THE FIRM'S PROFESSIONALS:
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Partner
Manager
Supervisor
Senior
Staff
Paraprofessional
$ 225 $ 225 225 $ 225 225
185 185 185 185 185
165 165 165 165 165
135 135 135 135 135
105 105 105 105 105
65 65 65 65 65
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Cost Fee Detail by Area
Audit of City. Housing Authority.
Successor Agency, Financing Authority
and partner/manager hours
Fiscal Year 2016-2017
Estimated
Hours
Proposed
Fees
Hourly
Rates
$Partner
Manager
Supervisor
Senior
Staff
Paraprofessional
Subtotal
60 225 13,500
23,680
15,840
16,200
12,600
128 185
96 165
120 135
120 105
65 2604
528 82,080
Discount (24,580)
Not to Exceed Maximum Fees 57,500
Singie Audit (assuming one major program)
Fiscal Year 2016-2017
Estimated
Hours
Hourly
Rates
Proposed
Fees
Partner
Manager
Staff
Paraprofessional
$4 225 900
8 185 1,480
2,52024105
1 65 65
Subtotal 37 4,965
Discount
Not to Exceed Maximum Fees
(1,965)
3,000
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GANN Limit
S
Fiscal Year 2016-2017)
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Estimated
Hours
Hourly
Rates
Proposed
Fees
r *
Partner
Manager
Staff
$$1 225 225
1 185 185
3 105 315
I A Subtotal 5 725
Discount
Not to Exceed Maximum Fees
(225)
$500
State Controller's Reporti
Fiscal Year 2016-2017
X
Estimated
Hours
Hourfy
Rates
Proposed
Fees
Partner
Supervisor
Staff
$$6 225r~ i-1,350
1,4859165
9 105 945
Subtotal 24 3,780
Discount
Not to Exceed Maximum Fees
(980)
$2,800
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
Audits of Fiscal Year 2016-2017
Quoted
Hourly
Rates
Prop
1.
Estimated
Hours
osed
Fees
n
Staff Level
i
Partner
Manager
Supervisor
Senior
Staff
Paraprofessiorial
Subtotal
Discount
Not to Exceed Maximum Price for 2017
$$71 225 15,975
25,345
17,325
16,200
16,380
137 185
105 165/
120 135
156 105
5 65 325
(
594 91,550
(27,750)r"’
$63,800
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SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
Audits of Fiscal Year 2017-2018
Quoted
Hourly
Rates
PropEstimated
Hours
osed
FeesStaff Level
1
Partner
Manager
Supervisor
Senior
Staff
Paraprofessional
Subtotal
Discount
Not to Exceed Maximum Price for 2018
$$71 225 15,975
25,345
17,325
16,200
16,380
137 185
i'
105 165
>120 135
156 105
5 65 325
594 91,550
(27,750)n
$63,800J,
SCHEDULE OF PROFESSIONAL FEES AND EXPENSESi
Audits of Fiscal Year 2018-2019
Quoted
Hourly
Rates
PropEstimated
Hours
osed
FeesStaff Level
Partner
Manager
Supervisor
Senior
Staff
Paraprofessional
Subtotal
Discount
Not to Exceed Maximum Price for 2019
$$71 225 15,975
25,345
17,325
16,200
16,380
137 185
105 165
120 135
156 105
5 65 325
594 91,550
(27,750)
$63,800
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SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
Audits of Fiscal Year 2019-2020
Quoted
Hourly
Rates
Prop
.t
Estimated
Hours
osed
FeesStaff Level
i Partner
Manager
Supervisor
Senior
Staff
Paraprofessional
Subtotal
Discount
Not to Exceed Maximum Price for 2020
$71 225 15,975
25,345
17,325
16,200
16,380
137 185
t
105 165
120 135
156 105
5 65 325
594 91,550
(27,750)
$63,800
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SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
Audits of Fiscal Year 2020-2021
Quoted
Hourly
Rates
PropEstimated
Hours
osed
Feesrstaff Level
Partner
Manager
Supervisor
Senior
Staff
Paraprofessional
Subtotal
Discount
Not to Exceed Maximum Price for 2020
$$71 225 15,975
25,345
17,325
16,200
16,380
137 185
105 165
120 135
156 105
5 65 325
594 91,550
(27,750)
$63,800
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