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Cost Proposal Your Investment BKD knows our clients do not like fee surprises. Neither do we. Our goal is to be candid and timely, and we want to answer your questions about fees upfront. We determine our fees by evaluating a number of variables: the complexity of the work, the project's scope, the time we will spend and the level of professional staff needed. Our fees may increase if our duties or responsibilities change because of new rules, regulations and accounting or auditing standards. We will consult with you should this happen. Proposed AII-Inclusive Fees Truckee Donner Public Utility District Financial Statement Audit for the Years Ending December 31 $61,100 $62,550 $65,200 Hourly Rates Any work outside the scope of this engagement will be priced according to our hourly rates. Staff Levels Hourly Rates Partner $275 to $350 Manager 190 to 250 Staff Senior Supervisor $115 to $190 Our acceptance of this engagement is subject to completion of our normal client acceptance procedures. BKD Upon acceptance, the actual terms of our engagement will be documented in a separate letter to be signed by you and us. All information contained within this proposal is proprietary and confidential. © 2011