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City of Ramsey Page 3 <br />September I5, 1994 <br /> <br />than $13,625. The fees will not exceed $13,625 unless unexpected circumstances are encountered -- at <br />which time we would discuss additional services and fees with you before proceeding. <br /> <br /> Estimated <br />Audit Staff Hours Rate Extension <br /> <br />Kenneth Malloy, Principal 40 $ 75 $ 3,000 <br />Manager 20 65 1,300 <br />Senior 100 55 5,500 <br />Staff Accountant 80 40 3,200 <br />C}erical 15 25 375 <br /> <br />Mileage, postage, delivery, printing <br /> <br />13,375 <br /> 250 <br /> <br />13,625 <br /> <br />255 <br /> <br />If you intend to publish or otherwise reproduce the financial statements and make reference to our Firm <br />name, you agree to provide us with printers' proofs or masters for our review and approval before <br />printing. You also agree to provide us with a copy of the final reproduced material for our approval <br />before it is distributed. <br /> <br />We appreciate the opportunity to be of service to the City of Ramsey and believe this letter accurately <br />summarizes the significant terms of our engagement. If you have any questions, please let us -know. If <br />you agree with the terms of our engagement as described in this"16tter, please sign the enclosed copy and <br />return it to us. <br /> <br />Sincerely, <br /> <br />MALLOY, MONTAGUE, KARNOWSIG, RADOSEVICH & CO., P.A. <br /> <br />Kenneth W. Malloy, CPA~ <br />Principal <br /> <br />KWM:sel <br /> <br />Response: <br /> <br />This letter correctly sets forth the understanding of <br />the City of Ramsey <br /> <br />By: <br /> <br />Title: <br /> <br />Date: <br /> <br /> <br />