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<br />~ /ð-// <br /> <br />I <br />f <br /> <br />CITY OF REDWOOD CITY <br /> <br />EXHIBiT l3 <br /> <br />Comprehensive Dollar Cost Bid <br /> <br />W e a~e committed to the performance of a high quality audit at the most reasonable fee level <br />possible, both irùtially and throughout the engagement In the interest of developing a long <br />term relationship, we will absorb all costs required. to familiarize ourselves with the <br />operations and accounting systems. Additionally, both Partners will be available to provide <br />advice and consultation as necessary to the City. These ~ will also be absorbed by'the <br />Firm. <br /> <br />Total All-Inclusive Maximum Price: <br /> <br />, , , , ' I <br />' , <br />, , , <br /> <br />. , <br /> <br />-. -,,' I' '" -~-- <br /> <br />For the year ending June 30, 2003 <br />For the year ending June 30, 2004 <br />For the year ending June 30, 2005 <br /> <br />Total Professional Fees <br /> <br />$ ~,175 <br />47,325 <br />50,300 <br />II $ 142,800 <br /> <br />We believe the above All-Inclusive Maximum Price is fair and reasonable to both <br />the City and to the Firm. The above price also includes all direct and indirect costs <br />including printing, out-of-pocket expenses and an escalation factor for inflation. <br /> <br />Discount: <br /> <br />-' <br /> <br />Because of the importance of your City to our strategic plan, we have discounted <br />our normal fee structure and will assume all costs required to fanùliarize our staff <br />with the City's operational environment. We strongly believe that the City should <br />not be penalized for introducing new auditors to its operation. This discount in <br />fees, already included in the All-Inclusive Maximum Price, amounts to: <br /> <br />, ,," ""--. -- "'1 <br /> <br />, . , <br />" 'I <br />',' ,-:... . ." '-;,': i <br /> <br />2003 $ 15,000 <br />2004 7,000 <br />2005 4,000 <br /> <br />Total ~ $ 26,0°0] <br />