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CAFR Preparation Assistance Services <br />Citv of South Bend. Indiana <br />pronouncements are properly implemented and up to date with the most recent accounting <br />standards and guidelines. <br />Government -Wide Conversion Entry Assistance and Conversion Reconciliation <br />Crowe can provide assistance with the government wide conversions of assets, liabilities and <br />fund balance accounts from modified cash basis to the modified accrual and full accrual <br />promulgated by GASB for a CAFR. Once the activity for the current year has been converted, <br />we will start preparing the draft CAFR. <br />Assistance with Audit Findings or Issues <br />Once the auditors have presented their findings to the City, Crowe can provide assistance with <br />responding to and/or remediating any findings or issues that arose from the audit. <br />Project Schedule <br />The following is an estimate of the project schedule with a breakdown by phase and step. As <br />work progresses, modifications to the schedule may be necessary and such modifications will be <br />communicated in writing. <br />Gra hie 2 - Estimated Pr`ect Timeline <br />Phase 1— Planning <br />Phase 2 - Obtain and Review Documentation <br />Phase 3 - Draft CAFRs <br />Phase 4 - Final CAFR <br />Crowe plans to begin and complete its planning phase in February and be completed by the <br />beginning of March. In March, Crowe plans to begin to obtain documentation, perform our review <br />of documentation (with comments and revisions), and compile a draft CAFR. We plan to have the <br />draft CAFR compiled by March 22"d, and to the auditors by April 1st. Once the auditors provide <br />their comments, we will prepare the final CAFR in June. <br />PROFESSIONAL FEES <br />Fee Summary <br />Our goal in setting fees is simple: to provide long-term, cost-effective pricing for our clients. We <br />are confident that we can work together to achieve an optimized plan for internal audit services. <br />We are committed to working with you to make sure the scope of our proposal is appropriate. <br />While we experience cost increases throughout our relationships with our clients, we make every <br />effort to structure an engagement fee arrangement, which will meet your needs while providing <br />us with sufficient resources to perform the expected work. Crowe agrees to perform the services <br />outlined in this Statement of Work for a total fee not to exceed eight thousand nine hundred dollars <br />($8,900) in accordance with the following pricing table: <br />Page 3 of 5 <br />