R2021-147 Resolution Authorizing Professional Service Agreement with CliftonLarsonAllen, LLP for Auditing Services and Non-Audit Advisory Services

Home Browse Search

August 9,2021 City of Decatur Page 15 • Schedule disruption caused by litigation,financial challenges(going concern), loan covenants (waivers),etc. • Identifying a significant number of proposed audit adjustments • Schedules prepared by your personnel that do not reconcile to the general ledger • Numerous revisions to information and schedules provided by your personnel • Restating financial statements for accounting errors in the prior year • Lack of availability of entity personnel during audit fieldwork Changes related to COVID-19 COVID-19 continues to have significant direct and indirect impacts on financial reporting,disclosure requirements,and the nature,timing,and scope of the activities we are required to perform.To the extent that the amount of time required to provide the services described in this letter increases due to such changes,our fee may need to be adjusted.We will discuss such circumstances with you prior to performing the additional work. Other fees You also agree to compensate us for any time and expenses,including time and expenses of legal counsel,we may incur in responding to discovery requests or participating as a witness or otherwise in any legal, regulatory, or other proceedings that we are asked to respond to on your behalf. Finance charges and collection expenses You agree that if any statement is not paid within 30 days from its billing date,the unpaid balance shall accrue interest at the monthly rate of one and one-quarter percent(1.250,which is an annual percentage rate of 15%. In'the event that any collection action is required to collect unpaid balances due us, reasonable attorney fees and expenses shall be recoverable. Consent Consent to use information for benchmarking analysis In an effort to better serve the needs of our clients,we develop a variety of benchmark, performance indicator, and predictive analysis reports,using anonymized client data obtained from our audit,tax,and other engagements. Business and financial information that you provide to us may be combined with information from other clients and included within the aggregated data that we use in these reports.While some of these analytical reports will be published and released publicly,please be assured that the separate information that we obtain from you will remain confidential,as required by the AICPA Code of Professional Conduct. Subcontractors CLA may,at times,use subcontractors to perform services under this agreement,and they may have access to your information and records.Any such subcontractors will be subject to the same restrictions on the use of such information and records as apply to CLA under this agreement.