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Mr. James R. Walker, City Manager <br />City of Pleasanton <br />June 19, 1987 <br />Page 3 <br /> <br />However, the total amount payable by you for auditing services shall <br />not exceed the following: <br /> <br /> Audit General Purpose Financial <br /> Statements and 1967 Water <br /> Revenue Bond Audit $27,500 <br /> <br /> We are unable to quote a specific price to you for the additional <br /> auditing procedures required by the Single Audit for Federal <br /> Financial Assistance programs, as we have not had an opportunity <br /> to review the numbers of grants and major programs for the year <br /> ending June 30, 1987. However, based on prior experience an <br /> approximate range of cost would be as follows: <br /> <br /> Single Audit - Federal Financial <br /> Assistance Programs $2,000 - $3,000 <br /> <br />We appreciate the opportunity to be of service to the City of <br />Pleasanton, California and believe this letter accurately summarizes <br />the significant terms of our engagement. If you have any questions, <br />please let use know. If you agree with the terms of our engagement as <br />described in this letter, please sign the enclosed copy and return it <br />to us. <br /> <br /> Very truly yours, <br /> <br /> GIELOW & DAVIS <br /> <br />RESPONSE: <br /> <br />This letter correctly sets forth the understanding of the City of <br />Pleasanton, California. <br /> <br />By: <br /> <br />Title: <br /> <br />Date: <br /> <br /> <br />