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The City is responsible for adopting sound accounting policies, for maintaining an adequate and efficient accounting system, for safeguarding assets, for authorizing transactions, for retaining supporting documentation for those transactions, and for devising a system of internal controls that will, among other things, help assure the preparation of proper financial statements. Furthermore, City Personnel are responsible for management decisions and functions, for designating a competent employee to oversee any of the services we provide, and for evaluating the adequacy and results of those services. City personnel are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the City involving (a) management (b) employees who have significant roles in internal control, and (c) others where the fraud could have a material effect on the financial statements. You are also responsible for informing us of your knowledge of any allegations of fraud or suspected fraud affecting the City received in communications from employees, former employees, regulators, or others. In addition, you are responsible for identifying and ensuring that the entity complies with applicable laws and regulations. Prior to preparation and execution of this engagement letter, we discussed with you the fact that we provide clients with levels of service higher than accounting services, such as audit, review, and compilation services, and we explained to you the manner in which such levels of service differ from accounting services. We also explained to you that we provide clients with services specifically focused on identifying and addressing weaknesses in internal controls (internal control review), and on searching for the existence of fraud within your company (fraud audit). We further explained the additional costs associated with such higher and different levels of service. After consideration of such services, you have informed us that you wish to retain us to perform only the accounting services described in this letter, For purposes of entry of the financial information from your basic transaction documents, classification according to the agreed-upon chart of accounts will be performed by City personnel. As business conditions change, we may mutually agree to change/modify this arrangement. Our fees and costs for work will be billed monthly, The hourly rate stated covers all expenses including mileage reimbursement and travel time. Invoices unpaid 30 days past the billing date may be deemed .delinquent, and are subject to an interest charge of 1 .0% per month. We reserve the right to suspend our services or to withdraw from this engagement in the event that any of our invoices are deemed delinquent. In the event that any collection action is required to collect unpaid balances due us, you agree to reimburse us for our costs of collection, including attorneys' fees. If we elect to terminate our services for nonpayment, or for any other reason provided for in this letter, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us through the date of termination. ATTY/AGR.2016.291/Maze interim services