DESIGN PROFESSIONAL SERVICES AGREEMENT
THIS AGREEMENT is made and entered into this ff day of
January, 202%, by and between the City of Merced, a California Charter Municipal Corporation, whose address of record is 678 West 18th Street, Merced, California 95340, (hereinafter referred to as "City") and Vasquez & Company LLP, a Limited Partnership, whose address of record is 655 N. Central Ave, Suite 1550, Glendale, CA 91203, (hereinafter referred to as "Consultant").
WHEREAS, City is undertaking a project to employ a qualified independent auditor to perform audits of the City of Merced for fiscal years 2025/2026 through 2029/2030; and,
WHEREAS, Consultant represents that it possesses the professional skills to provide independent auditing services in connection with said project.
NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants hereinafter recited, hereby agree as follows:
1. SCOPE OF SERVICES. The Consultant shall furnish the following services: Consultant shall provide the auditing services described in Exhibit "A" attached hereto.
No additional services shall be performed by Consultant unless approved in advance in writing by the City, stating the dollar value of the services, the method of payment, and any adjustment in contract time. All such services are to be coordinated with City and the results of the work shall be monitored by the Finance Officer or designee. However, the means by which the work is accomplished shall be the sole responsibility of the Consultant.
2. TIME OF PERFORMANCE. All of the work outlined in the Scope of Services shall be completed in accordance with the Schedule outlined in Exhibit "A" attached hereto and incorporated herein by reference. By mutual agreement and written addendum to this Agreement, the City and the Consultant may change the requirements in said Schedule.
3. TERM OF AGREEMENT. The term of this Agreement shall
commence upon the day first above written and end on December 31, 2031.
X:\Agreements\Finance\2025\Vasquez_Professional Services Agreement.docx 1 4. COMPENSATION. Payment by the City to the Consultant for actual services rendered under this Agreement shall be made upon presentation of an invoice detailing services performed under the Scope of Services, in accordance with the fee schedule set forth in Exhibit "B" attached hereto and incorporated herein by reference. The Consultant agrees to provide all services required under the Scope of Services in Exhibit “A" within the compensation amount set forth in Exhibit “B". For Consultant's services rendered under this Agreement, City shall pay Consultant the not to exceed sum of $300,000.
5. METHOD OF PAYMENT. Compensation to Consultant shall be paid by the City after submission by Consultant of an invoice delineating the services performed.
6. RECORDS. It is understood and agreed that all plans, studies, specifications, data magnetically or otherwise recorded on computer or computer diskettes, records, files, reports, etc., in possession of the Consultant relating to the matters covered by this Agreement shall be the property of the City, and Consultant hereby agrees to deliver the same to the City upon termination of the Agreement. It is understood and agreed that the documents and other materials including but not limited to those set forth hereinabove, prepared pursuant to this Agreement are prepared specifically for the City and are not necessarily suitable for any future or other use.
7. CONSULTANT’S BOOKS AND RECORDS. Consultant shall
maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services or expenditures and disbursements charged to the City for a minimum of three (3) years, or for any longer period required by law, from the date of final payment to the Consultant to this Agreement. Any records or documents required to be maintained shall be made available for inspection, audit and/or copying at any time during regular business hours, upon oral or written request of the City.
8. INDEPENDENT CONTRACTOR. It is expressly understood that Consultant is an independent contractor and that its employees shall not be employees of or have any contractual relationship with the City. Consultant shall be responsible for the payment of all taxes, workers' compensation insurance and unemployment insurance. Should Consultant desire any insurance protection, the Consultant is to acquire same at its expense.
X:\Agreements\Finance\2025\Vasquez_Professional Services Agreement.docx 2 In the event Consultant or any employee, agent, or subcontractor of Consultant providing services under this Agreement is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Consultant shall indemnify, protect, defend, and hold harmless the City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Consultant or its employees, agents, or subcontractors, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City.
9. INDEMNITY.
A. Indemnity for Professional Liability. When the law establishes a professional standard of care for Consultant's Services, to the fullest extent permitted by law, Consultant shall indemnify, protect, defend, and hold harmless City and any and all of its officials, employees and agents from and against any and all losses, liabilities, damages, costs, and expenses, including legal counsel's fees and costs but only to the extent the Consultant (and its Subconsultants), are responsible for such damages, liabilities and costs on a comparative basis of fault between the Consultant (and its Subconsultants) and the City in the performance of professional services under this agreement.
B. Indemnity for Other Than Professional Liability. Other than in the performance of professional services and to the full extent permitted by law, Consultant shall indemnify, defend, and hold harmless City, and any and all of its employees, officials and agents from and against any liability (including liability for claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged or threatened, including legal counsel's fees and costs, court costs, defense costs, and expert witness fees), where the same arise out of, are a consequence of, or are in any way attributable to, in whole or in part, the performance of this Agreement by Consultant or by any individual or City for which Consultant is legally liable, including, but not limited to officers, agents, employees, or subcontractors of Consultant.
10. INSURANCE. During the term of this Agreement, Consultant shall maintain in full force and effect at its own cost and expense, the following insurance coverage:
X:\Agreements\Finance\2025\Vasquez_ Professional Services Agreement.docx 3 a. Workers' Compensation Insurance. Full workers' compensation insurance shall be provided with a limit of at least One Hundred Thousand Dollars ($100,000) for any one person and as required by law, including Employer's Liability limits of $1,000,000.00 per accident. The policy shall be endorsed to waive the insurer's subrogation rights against the City. b. General Liability.
(i) Consultant shall obtain and keep in full force and effect general liability coverage at least as broad as ISO commercial general liability coverage occurrence Form CG 0001.
(ii) Consultant shall maintain limits of no less than One Million Dollars ($1,000,000) per occurrence for bodily injury, personal injury and property damage.
(iii) The City, its officers, employees, volunteers and agents are to be named as additional insureds under the policy, as respects liability arising out of work or operations performed by or on behalf of the Consultant.
(iv) The policy shall stipulate that this insurance will operate as primary insurance for work performed by Consultant and its sub-contractors, and that any other insurance or self insurance maintained by City or other named insureds shall be excess and non-contributory.
(v) Consultant shall maintain its commercial general liability coverage for three (3) years after completion of the work and shall add an additional insured endorsement form acceptable to the City naming the City of Merced, its officers, employees, agents and volunteers for each year thereafter for at least three (3) years after completion of the work. Copies of the annual renewal and additional insured endorsement form shall be sent to the City within thirty (30) days of the annual renewal. c. Automobile Insurance.
(i) Consultant shall obtain and keep in full force and effect an automobile policy of at least One Million Dollars ($1,000,000) per accident for bodily injury and property damage.
X:\Agreements\Finance\2025\Vasquez_Professional Services Agreement.docx 4 (ii) The City, its officers, employees, volunteers and agents are to be named as additional insureds under the policy, as respects automobiles owned, leased, hired or borrowed by the
Consultant.
(iii) The policy shall stipulate that this insurance will operate as primary insurance for work performed by Consultant and its sub-contractors, and that any other insurance or self insurance maintained by City or other named insureds shall be excess and non-contributory.
d. Professional Liability Insurance. Consultant shall carry professional liability insurance appropriate to Consultant's profession in the minimum amount of One Million Dollars ($1,000,000). Architects and engineers' coverage is to be endorsed to include contractual liability.
e. Qualifications of Insurer. The insurance shall be provided by an acceptable insurance provider, as determined by City, which satisfies all of the following minimum requirements:
(i) An insurance carrier admitted to do business in California and maintaining an agent for service of process within this State; and,
(ii) An insurance carrier with a current A.M. Best Rating of A:VII or better (except for workers' compensation provided through the California State Compensation Fund).
f. Certificate of Insurance. Consultant shall complete and file with the City prior to engaging in any operation or activity set forth in this Agreement, certificates of insurance evidencing coverage as set forth above and which shall provide that no cancellation or expiration by the insurance company will be made during the term of this Agreement, without thirty (30) days written notice to City prior to the effective date of such cancellation-including cancellation for nonpayment of premium. In addition to any other remedies City may have, City reserves the right to withhold payment if Consultant's insurance policies are not current.
X:\Agreements\Finance\2025\Vasquez_ Professional Services Agreement.docx 5 11. PREVAILING WAGES.
A. Labor Code Compliance. If the work performed under this Agreement falls within Labor Code Section 1720(a)(1) definition of a "public works" the Consultant agrees to comply with all of the applicable provisions of the Labor Code including, those provisions requiring the payment of not less than the general prevailing rate of wages. The Consultant further agrees to the penalties and forfeitures provided in said Code in the event a violation of any of the provisions occurs in the execution of this Agreement.
B. These wage rate determinations are made a specific part of this Agreement by reference pursuant to Labor Code Section 1773.2. General Prevailing Wage Rate Determinations may be obtained from the Department of Industrial Relations Internet site at http://www.dir.ca.gov/.
C. After award of the Agreement, and prior to commencing work, all applicable General Prevailing Wage Rate Determinations, if applicable, are to be obtained by the Consultant from the Department of Industrial Relations. Theses wage rate determinations are to be posted by the Consultant at the job site in accordance with Section 1773.2 of the California Labor Code.
D. Consultant agrees to include prevailing wage requirements, if applicable, in all subcontracts when the work to be performed by the subcontractor under this Agreement is a "public works" as defined in Labor Code Section 1720(a)(1) and Labor Code Section 1771.
12. ASSIGNABILITY OF AGREEMENT. It is understood and agreed that this Agreement contemplates personal performance by the Consultant and is based upon a determination of its unique personal competence and experience and upon its specialized personal knowledge. Assignments of any or all rights, duties or obligations of the Consultant under this Agreement will be permitted only with the express written consent of the City.
13. TERMINATION FOR CONVENIENCE OF CITY. The City may
terminate this Agreement any time by mailing a notice in writing to Consultant that the Agreement is terminated. Said Agreement shall then be deemed terminated, and no further work shall be performed by Consultant. If the Agreement is so terminated, the Consultant shall be paid for that percentage of the phase of work actually completed, based on a pro rata portion of the compensation for said phase satisfactorily completed at the time the notice of termination is received.
X:\Agreements\Finance\2025\Vasquez_Professional Services Agreement.docx 6 14. CONFORMANCE TO APPLICABLE LAWS. Consultant shall
comply with its standard of care regarding all applicable Federal, State, and municipal laws, rules and ordinances. No discrimination shall be made by Consultant in the employment of persons to work under this contract because of race, color, national origin, ancestry, disability, sex or religion of such person.
Consultant hereby promises and agrees to comply with all of the provisions of the Federal Immigration and Nationality Act (8 U.S.C.A. 1101 et seq.), as amended; and in connection therewith, shall not employ unauthorized aliens as defined therein. Should Consultant so employ such unauthorized aliens for the performance of work and/or services covered by this Agreement, and should any agency or instrumentality of the federal or state government, including the courts, impose sanctions against the City for such use of unauthorized aliens, Consultant hereby agrees to, and shall, reimburse City for the cost of all such sanctions imposed, together with any and all costs, including attorneys' fees, incurred by the City in connection therewith.
15. WAIVER. In the event that either City or Consultant shall at any time or times waive any breach of this Agreement by the other, such waiver shall not constitute a waiver of any other or succeeding breach of this Agreement, whether of the same or any other covenant, condition or obligation. Waiver shall not be deemed effective until and unless signed by the waiving party.
16. INCONSISTENT OR CONFLICTING TERMS IN AGREEMENT
AND EXHIBITS. In the event of any contradiction or inconsistency between any attached document(s) or exhibit(s) incorporated by reference herein and the provisions of the Agreement itself, the terms of the Agreement shall control.
Any exhibit that is attached and incorporated by reference shall be limited to the purposes for which it is attached, as specified in this Agreement. Any contractual terms or conditions contained in such exhibit imposing additional obligations on the City are not binding upon the City unless specifically agreed to in writing, and initialed by the authorized City representative, as to each additional contractual term or condition.
17. AMBIGUITIES. This Agreement has been negotiated at arms' length between persons knowledgeable in the matters dealt with herein. Accordingly, any rule of law, including, but not limited to, Section 1654 of the Civil Code of California, or any other statutes, legal decisions, or common-law principles of similar effect, that would require interpretation of any ambiguities in this X:\Agreements\Finance\2025\Vasquez_Professional Services Agreement.docx 7 Agreement against the party that drafted this Agreement is of no application and is hereby expressly waived.
18. VENUE. This Agreement and all matters relating to it shall be governed by the laws of the State of California and any action brought relating to this agreement shall be held exclusively in a state court in the County of Merced.
19. AMENDMENT. This Agreement shall not be amended, modified, or otherwise changed unless in writing and signed by both parties hereto.
20. INTEGRATION. This Agreement constitutes the entire
understanding and agreement of the parties and supersedes all previous and/or contemporaneous understanding or agreement between the parties with respect to all or any part of the subject matter hereof.
21. AUTHORITY TO EXECUTE. The person or persons executing this Agreement on behalf of the parties hereto warrants and represents that he/she/they has/have the authority to execute this Agreement on behalf of their entity and has/have the authority to bind their party to the performance of its obligations hereunder.
22. COUNTERPARTS. This Agreement may be executed in one or more counterparts with each counterpart being deemed an original. No counterpart shall be deemed to be an original or presumed delivered unless and until the counterparts executed by the other parties hereto are in the physical possession of the party or parties seeking enforcement thereof.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first above written.
CITY OF MERCED
A California Charter Municipal
Corporation
BY: Jet l
D. Scott McBride
City Manager
X:\Agreements\Finance\2025\Vasquez_Professional Services Agreement.docx 8 ATTEST:
D. SCOTT MCBRIDE, CITY CLERK
BY:
Assistant/Deputy City Clerk
APPROVED AS TO FORM:
CRAIG J. CORNWELL, CITY ATTORNEY
of MERCED,
CALIFORNIA
688
INCORPORATED APRIL 1, A.D
BY:
V.ig provel 10/81/2028
City Attorney Date
1865
ACCOUNT DATА:
M. VENUS RODRIGUEZ, FINANCE OFFICER
BY:
Verified by Finance Officer 2482
Funds available. RR 12/72/75 See attached page.
PL12/22/2s
{Signatures continued on next page}
X:\Agreements\Finance\2025\Vasquez_Professional Services Agreement.docx 9 Account Number: 10002000-511012
Amount: Not to exceed $300,000.00
Approved by
Finance Officer
FINANCE ENTRY
Contract No: 1865
Vendor Number: 2482
Funds Avallable: Funds Available FRR 12/22/25
FL 12/22/s
Fiscal Year Amount
25/26 $ 57,000.00
26/27 $ 56,400.00
27/28 $ 61,000.00
28/29 $ 60,400.00
29/30 $ 65,200.00
Not to Exceed $ 300,000.00
CONSULTANT
B
(Signature)
Roger A. Martinez
(Typed Name)
Its: Partner, Audit Practice Leader
(Title)
BY: Crise A. Cou
(Signature)
Cristy Canieda
(Typed Name)
Its: Partner
(Title)
Taxpayer I.D. No. 33- 0700332
ADDRESS: 655 North Central Ave., Suite 1550
Glendale, CA 91203
TELEPHONE:
213-873-1700
FAX: 213-873-1777
E-MAIL: [email protected] or
[email protected]
X:Agreements\Fin ance\2025\ Vasquez_ Professional Services Agrecment.docx 10 1. Scope of Services
SCOPE OF WORK
Independent Auditor's Duties and Responsibilities
Independent auditor's annual services will:
Perform an audit and render an auditor's report on the Basic Financial Statements of the City and its component units in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards issued by the Comptroller General of the United States.
Render a report on the fair presentation of the basic financial statements and apply limited audit procedures to Management's Discussion and Analysis (MD&A), if provided, and required supplementary information.
Render auditor's report on the City's internal control over financial reporting and on compliance with relevant laws and regulations and other matters based on an audit of financial statements performed in accordance with Government Auditing Standards.
Assist in the preparation and word processing of the City's Annual Financial Report.
Issue a Management Letter that includes recommendations for improvements in internal control, accounting procedures, and other significant observations that are considered to be non-reportable conditions.
Perform a Single Audit and render an auditor's report on the schedule of expenditures of federal grants in accordance with U.S. Office of Management and Budget Federal regulations entitled "Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200" (the Uniform Guidance); render an opinion on the City's compliance with requirements applicable to each Major Federal Program; and render a report on the City's internal controls over the administration of Federal funds.
Perform agreed-upon procedures pertaining to the City's GANN Limit and render a letter annually to the City regarding compliance.
Perform an audit and issue an auditor's report on the fair presentation of the financial statements in conformity with generally accepted accounting principles for Successor Agency of the Redevelopment Agency of the City of Merced.
Perform separate biennial audits and issue auditors' reports on the City's compliance with California Vehicle Code Sections 9250.7 and 22710, Abandoned Vehicle Abatement Program.
Prepare a comfort letter required for the Wastewater and Water loan with the California Infrastructure and Economic Development Bank.
Provide guidance on implementing new GASB and OMB requirements and specifics of Federal and State of California regulations pertaining to local government financial reporting.
EXHIBIT A
1 The City of Merced will be required to implement Government Accounting Standards Board (GASB) pronouncements that take effect during the term of the contract. The level of assistance to be provided will be discussed on a case-by-case basis and mutually agreed upon by Auditor and the Finance Officer.
Provide assistance to meet the requirements of the GFOA program, at the City's request.
2. Time of Performance
Interim Work
The Auditor shall complete the interim work by May 31 of each year, or another mutually agreed upon week arranged to meet the requirements for completion of the City's financial statements.
Detailed Audit Plan
The Auditor shall provide the City of Merced, by May 15, with both a detailed audit plan and a list of all schedules to be prepared by the City of Merced.
Fieldwork
The Auditor shall complete all fieldwork by the last week of October, or another mutually agreed upon week arranged to meet the requirements for the completion of the City's financial statements.
Entrance Conferences, Progress Reporting, and Exit Conferences At a minimum, the following conferences should be held by the dates indicated on the schedule.
Entrance conference with the Finance Officer, Deputy Finance Officer and key personnel by May 30. The purpose of this meeting will be to discuss prior audit engagements and the interim work to be performed. This meeting will also be used to establish overall liaison for the audit and to make arrangements for workspace and other needs of the Auditor.
Progress conference with the Finance Officer, Deputy Finance Officer and key personnel by July 31. The purpose of this meeting will be to summarize the results of the preliminary review and to identify the key internal controls or other matters to be tested. The year-end work to be performed will also be discussed in this meeting.
Exit conference with the Finance Officer, Deputy Finance Officer and key personnel by December 31. The purpose of this meeting will be to summarize the results of the fieldwork and to review significant findings.
In addition, the Auditor shall provide written reports on the progress of the audit. 2 Date of Draft and Final Report is Due
The Auditor shall prepare the draft financial statements by January 10. The Deputy Finance Officer shall provide all recommendations, revisions, notes and suggestions for improvements to the Auditor by January 20.
The Auditor shall prepare the financial statements notes, required supplementary schedules, and the supplementary schedules and statistical data, if applicable, by January 10. The Finance Officer will review the final draft report as expeditiously as possible. It is not expected that this process should exceed two weeks. During the review periods, the Auditor should be available for any meetings that may be necessary to discuss the audit reports. Once all issues for discussion are resolved, the camera-ready reports shall be delivered to the Finance Officer for publication by January 31. Dates are subject to change by mutual agreement to meet the requirements for completion of the City's financial statements.
Single Audit
The Single Audit Report for the City of Merced shall be completed on the same schedule as the financial statement timeline noted above.
Successor Agency
Successor Agency Report for the City of Merced shall be completed on the same schedule as the financial statement timeline noted above.
GANN Limit AUP
GANN Limit AUP Report for the City of Merced shall be completed on the same schedule the financial statement timeline noted above.
as
Abandoned Vehicle Abatement Program
Abandoned Vehicle Abatement Program Report for the City of Merced shall be completed on the same schedule as the financial statement timeline noted above biennially. 3 City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services Total All-Inclusive Maximum Price
A. Name of Firm
Vasquez & Company LLP.
B. Certification of Person Signing Proposal
1 Vasquez is committed to providing the City with the highest customer service, and we trust that you will find us qualified to provide the City with professional financial statement auditing services. I, Roger Martinez, Partner with Vasquez, am entitled to represent the firm, empowered to submit the bid, and authorized to sign a contract with the City.
C. Total all-inclusive maximum price for the FY 2026 engagement and optional four (4) subsequent fiscal years.
Optional Subsequent Fiscal Years
TOTAL COST
BREAKDOWN BY
FISCAL YEAR FY26 FY27 FY28 FY29 FY30
ACFR $ 46,500 $ 47,900 $ 49,400 $ 50,900 $ 52,500
Single Audit 4,500 4,700 4,900 5,100 5,300
GANN 500 600 700 800 900
Successor Agency 2,500 2,600 2,700 2,800 2,900
Comfort Letter 500 600 700 800 900
AVA 2,500 2,600 2,700
Total $ 57,000 $ 56,400 $ 61,000 $ 60,400 $ 65,200
VASQUEZ
+ COMPANY LLP
EXHIBIT B
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services III. SINGLE AUDIT
3 Standard Quoted
Hourly Hourly
Hours Rates Rates Total
Partners 2 $ 325 $ 270 $ 540
Managers 8 200 150 1,200
Supervisory Staff 8 140 120 960
Staff 23 120 100 2,300
Discount (500)
Subtotal $ 4,500
IV. BIENNIAL VEHICLE АВАТЕMENT REPORT
Hours
Standard
Hourly
Rates
Quoted
Hourly
Rates Total
Partners 3 $ 325 $ 270 $ 810
Managers 5 200 150 750
Supervisory Staff 140 120
Staff 16 120 100 1,600
Discount (660)
Subtotal
VASQUEZ
+ COMPANY LLP
$ 2,500
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services V. TOTAL FOR SERVICES DESCRIBED IN SECTION II-E OF THE REQUEST FOR
PROPOSALS
Financial Audit Including ACFR Preparation
Successor Agency Audit
Single Audit (Assumes 1 Major Program)
Abandoned Vehicle Abatement Program Audit
GANN Limit Agreed Upon Procedures
Comfort Letter
VI. OUT-OF-POCKET EXPENSES
Meals and Lodging
Transportation
Other
VII. TOTAL ALL-INCLUSIVE MAXIMUM PRICE AUDIT
VASQUEZ
+ COMPANY LLP
$ 46,500
2,500
4,500
2,500
$
500
500
$ 57,000
4 City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services
APPENDIX C
5 SCHEDULE OF PROFESSIONAL FEES AND EXPENSES FOR THE AUDIT AND RELATED SERVICES OF THE 2026-2027 FINANCIAL STATEMENTS
I. FINANCIAL AUDIT
Standard Quoted
Hourly Hourly
Hours Rates Rates Total
Partners 22 $ 325 $ 270 $ 5,940
Managers
117 200 150 17,550
Supervisory Staff
120 140 120 14,400
Staff 171 120 100 17,100
Discount
(7,090)
$ 47,900
Subtotal
II. THE CITY OF MERCED, AS SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF MERCED - FINANCIAL AUDIT
Hours
Standard
Hourly
Rates
Quoted
Hourly
Rates Total
Partners 4 $ 325 $ 270 $ 1,080
Managers
4 200 150 600
Supervisory Staff
4 140 120 480
Staff 14 120 100 1,400
(960)
Discount
Subtotal
VASQUEZ
+ COMPANY LLP
$ 2,600
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services III. SINGLE AUDIT
6 Standard
Hourly
Hours Rates
Quoted
Hourly
Rates Total
Partners 2 $ 325 $ 270 $ 540
Managers 8 200 150 1,200
Supervisory Staff 8 140 120 960
Staff 23 120 100 2.300
Discount (300)
Subtotal $ 4,700
IV. BIENNIAL VEHICLE ABATEMENT REPORT
Partners
Managers
Supervisory Staff
Staff
Discount
Subtotal
VASQUEZ
+ COMPANY LLP
Standard
Hourly
Hours Rates
Quoted
Hourly
Rates Total
. $ 325 $ 270 $
200 150
140 120
120 100
$
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 7 V. TOTAL FOR SERVICES DESCRIBED IN SECTION II-E OF THE REQUEST FOR
PROPOSALS
Financial Audit Including ACFR Preparation
Successor Agency Audit
Single Audit (Assumes 1 Major Program)
Abandoned Vehicle Abatement Program Audit
GANN Limit Agreed Upon Procedures
Comfort Letter
VI. OUT-OF-POCKET EXPENSES
Meals and Lodging
Transportation
Other
VII. TOTAL ALL-INCLUSIVE MAXIMUM PRICE AUDIT
VASQUEZ
+ COMPANY LLP
$ 47,900
2,600
4,700
$
600
600
$ 56,400
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 8
APPENDIX C
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES FOR THE AUDIT AND RELATED SERVICES OF THE 2027-2028 FINANCIAL STATEMENTS
I. FINANCIAL AUDIT
Standard
Hourly
Hours Rates
Quoted
Hourly
Rates Total
Partners 22 $ 325 $ 270 $ 5,940
Managers 117 200 150 17,550
Supervisory Staff 120 140 120 14,400
Staff 171 120 100 17,100
Discount (5,590)
$ 49,400Subtotal
II. THE CITY OF MERCED, AS SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF MERCED - FINANCIAL AUDIT
Hours
Standard
Hourly
Rates
Quoted
Hourly
Rates Total
Partners 4 $ 325 $ 270 $ 1,080
Managers 4 200 150 600
Supervisory Staff 4 140 120 480
Staff 14 120 100 1,400
Discount (860)
Subtotal $ 2,700
VASQUEZ
+ COMPANY LLP
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 9 III. SINGLE AUDIT
Hours
Standard
Hourly
Rates
Quoted
Hourly
Rates Total
Partners 2 $ 325 $ 270 $ 540
Managers
8 200 150 1,200
Supervisory Staff
8 140 120 960
Staff 23 120 100 2,300
(100)
Discount
Subtotal
IV. BIENNIAL VEHICLE ABATEMENT REPORT
$ 4,900
Standard Quoted
Hours
Hourly
Rates
Hourly
Rates Total
Partners
3 $ 325 $ 270 $ 810
Managers
5 200 150 750
Supervisory Staff
140 120
Staff
16 120 100 1,600
(560)
Discount
$ 2,600
Subtotal
VASQUEZ
+COMPANY LLP
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 10 V. TOTAL FOR SERVICES DESCRIBED IN SECTION II-E OF THE REQUEST FOR
PROPOSALS
Financial Audit Including ACFR Preparation
Successor Agency Audit
Single Audit (Assumes 1 Major Program)
Abandoned Vehicle Abatement Program Audit
GANN Limit Agreed Upon Procedures
Comfort Letter
VI. OUT-OF-POCKET EXPENSES
Meals and Lodging
Transportation
Other
VII. TOTAL ALL-INCLUSIVE MAXIMUM PRICE AUDIT
VASQUEZ
+ COMPANY LLP
$ 49,400
2,700
4,900
2,600
$
700
700
$ 61,000
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services
APPENDIX C
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES FOR THE AUDIT AND RELATED SERVICES OF THE 2028-2029 FINANCIAL STATEMENTS
I. FINANCIAL AUDIT
11 Standard Quoted
Hourly Hourly
Hours Rates Rates Total
Partners 22 $ 325 $ 270 $ 5,940
Managers
117 200 150 17,550
Supervisory Staff
120 140 120 14,400
Staff
171 120 100 17,100
(4,090)
Discount
$ 50,900
Subtotal
II. THE CITY OF MERCED, AS SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF MERCED - FINANCIAL AUDIT
Standard Quoted
Hourly Hourly
Hours Rates Rates Total
Partners
4 $ 325 $ 270 $ 1,080
4 200 150 600
Managers
Supervisory Staff
4 140 120 480
Staff 14 120 100 1,400
(760)
Discount
Subtotal
VASQUEZ
+ COMPANY LLP
$ 2,800
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 12 III. SINGLE AUDIT
Standard
Hourly
Quoted
Hourly
Hours Rates Rates Total
Partners 2 $ 325 $ 270 $ 540
Managers 8 200 150 1,200
Supervisory Staff 8 140 120 960
Staff 23 120 100 2.300
Discount 100
Subtotal $ 5,100
IV. BIENNIAL VEHICLE ABATEMENT REPORT
Partners
Managers
Supervisory Staff
Staff
Discount
Subtotal
VASQUEZ
+ COMPANY LLP
Standard
Hourly
Quoted
Hourly
Hours Rates Rates Total
- $ 325 $ 270 $
200 150
140 120
120 100
$
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 13 V. TOTAL FOR SERVICES DESCRIBED IN SECTION II-E OF THE REQUEST FOR
PROPOSALS
Financial Audit Including ACFR Preparation
Successor Agency Audit
Single Audit (Assumes 1 Major Program)
Abandoned Vehicle Abatement Program Audit
GANN Limit Agreed Upon Procedures
Comfort Letter
VI. OUT-OF-POCKET EXPENSES
Meals and Lodging
Transportation
Other
VII. TOTAL ALL-INCLUSIVE MAXIMUM PRICE AUDIT
VASQUEZ
+ COMPANY LLP
$ 50,900
2,800
5,100
$
800
800
$ 60,400
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 14
APPENDIX C
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES FOR THE AUDIT AND RELATED SERVICES OF THE 2029-2030 FINANCIAL STATEMENTS
I. FINANCIAL AUDIT
Standard
Hours
Hourly
Rates
Quoted
Hourly
Rates Total
Partners 22 $ 325 $ 270 $ 5,940
Managers 117 200 150 17,550
Supervisory Staff 120 140 120 14,400
Staff 171 120 100 17,100
Discount (2,490)
$ 52,500Subtotal
II. THE CITY OF MERCED, AS SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF MERCED - FINANCIAL AUDIT
Standard Quoted
Hourly Hourly
Hours Rates Rates Total
Partners 4 $ 325 $ 270 $ 1,080
Managers 4 200 150 600
Supervisory Staff 4 140 120 480
Staff 14 120 100 1,400
Discount (660)
Subtotal
VASQUEZ
+ COMPANY LLP
$ 2,900
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 15 III. SINGLE AUDIT
Hours
Standard
Hourly
Rates
Quoted
Hourly
Rates Total
Partners 2 $ 325 $ 270 $ 540
Managers 8 200 150 1,200
Supervisory Staff 8 140 120 960
Staff 23 120 100 2,300
Discount 300
Subtotal
IV. BIENNIAL VEHICLE АBАTЕМENT REPORT
$ 5,300
Standard
Hourly
Quoted
Hourly
Hours Rates Rates Total
Partners
Managers
3 $ 325 $ 270 $ 810
5 200 150 750
Supervisory Staff
140 120
Staff
Discount
16 120 100 1,600
(460)
Subtotal $ 2,700
VASQUEZ
+ COMPANY LLP
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 16 V. TOTAL FOR SERVICES DESCRIBED IN SECTION II-E OF THE REQUEST FOR
PROPOSALS
Financial Audit Including ACFR Preparation
Successor Agency Audit
Single Audit (Assumes 1 Major Program)
Abandoned Vehicle Abatement Program Audit
GANN Limit Agreed Upon Procedures
Comfort Letter
VI. OUT-OF-POCKET EXPENSES
Meals and Lodging
Transportation
Other
VII. TOTAL ALL-INCLUSIVE MAXIMUM PRICE AUDIT
VASQUEZ
+ COMPANY LLP
$ 52,500
2,900
5,300
2,700
900
$
900
$ 65,200
City of Merced
Dollar Cost Bid Proposal to Provide Professional Auditing and Related Services 17 Rates for Additional Payment
Additional services will be billed at the following standard hourly rates.
Staff Level
Partner
Director
Senior Manager
Manager
Supervisor
Senior
Staff
VASQUEZ
+ COMPANY LLP
Rate
$375
250
225
200
180
150
120