Professional Services Agreement - Howard E Nyhart Company Inc. - Assistance with Annual Audit and CAFR

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g nyhorL THE HOWARD E. NYHART COMPANY, INC. ("NYHART") SERVICE AGREEMENT ("AGREEMENT") Agreement Between Nyhart, and: Client Name: City of South Bend Primary Contact Name: Jennifer Hocken,hiull Primary Contact Address: 227 W. Jefferson Blvd, South Bend, IN 46601 Primary Contact Phone: (574) 298-0348 Primary Contact Fax: (574) 235-9928 - - -- ---- ----- Services to be provided by Nyhart All services to be provided by N'yhart are subject to your full cooperation and prompt submission of complete and accurate information. Nyhart will rely on any and all information that you provide pursuant to this Agreement and on file at our office as to accuracy and completeness. Nyhart will have no responsibility to verify such information and no liability for errors or omissions as a result of relying on such information, except to the extent required by generally accepted professlona0 standards and practices. Nyhart is not a law firm or a public accounting firm and does not provide legal or tax advice. For the fiscal year ending December 31, 2017, Nyhart will provide the following actuarial services: • Data collection (including census data) and analysis • Preparation of a comprehensive actuarial valuation report • Disclosures as required by GASB 45 For the fiscal year ending December 31, 2018, Nyhart will provide the following actuarial services: • Data collection (including census data) and analysis • Preparation of a comprehensive actuarial valuation, report • Disclosures as required by GASB 75 Fees for services, provided by Nyhart FYE, Valuation Types Fees 12/3112017 Full GASB 45 $7,500 12/31/2018 Full GASB 75 $8,600 If a GASB results breakdown by employee groups is required additional fees will apply. The additional cost will be a 10% of project fee increase for a two group breakdowns plus an additional 1% for each extra group breakdown requested. The additional fee WEI be, limited to 1/3 of the current year's fees. Client will be invoiced at the end of each month for work in progress. Page 1 of 4