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CONTRACT 6906 Professional Services AgreementAgreement No. 6906 Agreement No. PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF EL SEGUNDO AND CLIFTONLARSONALLEN, LLP This AGREEMENT is entered into this 16th day of April, 2024, by and between the CITY OF EL SEGUNDO, a municipal corporation and general law city ("CITY") and CLIFTONLARSONALLEN, LLP, Certified Public Accountants and Consultants, a Minnesota limited liability partnership ("CONSULTANT"). 1. CONSIDERATION. A. As partial consideration, CONSULTANT agrees to perform the work listed in the SCOPE OF SERVICES, below; B. As additional consideration, CONSULTANT and CITY agree to abide by the terms and conditions contained in this Agreement; C. As additional consideration, CITY agrees to pay CONSULTANT a sum not to exceed $213,915 for CONSULTANT's services. CITY may modify this amount as set forth below. Unless otherwise specified by written amendment to this Agreement, CITY will pay this sum as specified in the attached Exhibit 'A" which is incorporated by reference. 2. SCOPE OF SERVICES. A. CONSULTANT will perform services listed in the attached Exhibit "A," which is incorporated by reference. B. CONSULTANT will, in a professional manner, furnish all of the labor, technical, administrative, professional and other personnel, all supplies and materials, equipment, printing, vehicles, transportation, office space and facilities, and all tests, testing and analyses, calculation, and all other means whatsoever, except as herein otherwise expressly specified to be furnished by CITY, necessary or proper to perform and complete the work and provide the professional services required of CONSULTANT by this Agreement. 3. PERFORMANCE STANDARDS. CONSULTANT will perform its obligations under this Agreement in accordance with applicable professional standards. CITY will continuously monitor CONSULTANT's services. CITY will notify CONSULTANT of any deficiencies and CONSULTANT will have fifteen (15) days after such notification to cure any shortcomings to CITY's satisfaction. Costs associated with curing the deficiencies will be borne by CONSULTANT. -1- Rev 3/28/23 Agreement No. 6906 Agreement No. 4. PAYMENTS. For CITY to pay CONSULTANT as specified by this Agreement, CONSULTANT must submit a detailed invoice to CITY which lists the hours worked and hourly rates for each personnel category and reimbursable costs (all as set forth in Exhibit "A") the tasks performed, the percentage of the task completed during the billing period, the cumulative percentage completed for each task, the total cost of that work during the preceding billing month and a cumulative cash flow curve showing projected and actual expenditures versus time to date. 5. NON -APPROPRIATION OF FUNDS. Payments due and payable to CONSULTANT for current services are within the current budget and within an available, unexhausted and unencumbered appropriation of the CITY. In the event the CITY has not appropriated sufficient funds for payment of CONSULTANT services beyond the current fiscal year, this Agreement will cover only those costs incurred up to the conclusion of the current fiscal year. 6. FAMILIARITY WITH WORK. A. By executing this Agreement, CONSULTANT agrees that it has: Carefully investigated and considered the scope of services to be performed; ii. Carefully considered how the services should be performed; and iii. Understands the facilities, difficulties, and restrictions attending performance of the services under this Agreement. B. If services involve work upon any site, CONSULTANT agrees that CONSULTANT has or will investigate the site and is or will be fully acquainted with the conditions there existing, before commencing the services hereunder. Should CONSULTANT discover any latent or unknown conditions that may materially affect the performance of the services, CONSULTANT will immediately inform CITY of such fact and will not proceed except at CONSULTANT's own risk until written instructions are received from CITY. 7. TERM. The term of this Agreement will be from May 1, 2024, to December 31, 2026. Unless otherwise determined by written amendment between the parties, this Agreement will terminate in the following instances: A. Completion of the work specified in Exhibit "A"; B. Termination as stated in Section 15. 8. TIME FOR PERFORMANCE. -2- Rev 3/28/23 Agreement No. 6906 Agreement No. A. CONSULTANT will not perform any work under this Agreement until: CONSULTANT furnishes proof of insurance as required under Section 23 of this Agreement; and CITY gives CONSULTANT a written notice to proceed. B. Should CONSULTANT begin work on any phase in advance of receiving written authorization to proceed, any such professional services are at CONSULTANT's own risk. 9. TIME EXTENSIONS. Should CONSULTANT be delayed by causes beyond CONSULTANT's control, CITY may grant a time extension for the completion of the contracted services. If delay occurs, CONSULTANT must notify the Manager within forty-eight hours (48 hours), in writing, of the cause and the extent of the delay and how such delay interferes with the Agreement's schedule. The Manager will extend the completion time, when appropriate, for the completion of the contracted services. 10. CONSISTENCY. In interpreting this Agreement and resolving any ambiguities, the main body of this Agreement takes precedence over the attached Exhibits; this Agreement supersedes any conflicting provisions. Any inconsistency between the Exhibits will be resolved in the order in which the Exhibits appear below: A. Exhibit A: Cost Proposal 11.CHANGES. CITY may order changes in the services within the general scope of this Agreement, consisting of additions, deletions, or other revisions, and the contract sum and the contract time will be adjusted accordingly. All such changes must be authorized in writing, executed by CONSULTANT and CITY. The cost or credit to CITY resulting from changes in the services will be determined in accordance with written agreement between the parties. 12.TAXPAYER IDENTIFICATION NUMBER. CONSULTANT will provide CITY with a Taxpayer Identification Number. 13. PERMITS AND LICENSES. CONSULTANT, at its sole expense, will obtain and maintain during the term of this Agreement, all necessary permits, licenses, and certificates that may be required in connection with the performance of services under this Agreement. 14. WAIVER. CITY's review or acceptance of, or payment for, work product prepared by CONSULTANT under this Agreement will not be construed to operate as a waiver of any rights CITY may have under this Agreement or of any cause of action arising from CONSULTANT's performance. A waiver by CITY of any breach of any term, covenant, or condition contained in this Agreement will not be deemed to be a waiver of any -3- Rev 3/28/23 Agreement No. 6906 Agreement No. subsequent breach of the same or any other term, covenant, or condition contained in this Agreement, whether of the same or different character. 15. TERMINATION. A. Except as otherwise provided, either party may terminate this Agreement at any time with or without cause. B. Upon receiving a termination notice, CONSULTANT will immediately cease performance under this Agreement unless otherwise provided in the termination notice. Except as otherwise provided in the termination notice, any additional work performed by CONSULTANT after receiving a termination notice will be performed at CONSULTANT" own cost; CITY will not be obligated to compensate CONSULTANT for such work. C. Should termination occur, all finished or unfinished documents, data, studies, surveys, drawings, maps, reports and other materials ("Deliverables") prepared by CONSULTANT which have been paid for in full will, at CITY's option, become CITY's property, and CONSULTANT will receive just and equitable compensation for any work satisfactorily completed up to the effective date of notice of termination, not to exceed the total costs under Section 1(C). For the avoidance of doubt, Deliverables does not include the CONSULTANT'S workpapers which are proprietary information and access is restricted. D. Should the Agreement be terminated pursuant to this Section, CITY may procure on its own terms services similar to those terminated. E. By executing this document, CONSULTANT waives any and all claims for damages that might otherwise arise from CITY's termination under this Section. 16.OWNERSHIP OF DOCUMENTS. All Deliverables prepared by CONSULTANT under this Agreement are CITY's property. CONSULTANT may retain copies of said documents and materials as desired but will deliver all original materials to CITY upon CITY's written notice. CITY agrees that use of CONSULTANT's completed work product, for purposes other than identified in this Agreement, or use of incomplete work product, is at CITY's own risk. 17. PUBLICATION OF DOCUMENTS. Except as necessary for performance of service under this Agreement, no copies, sketches, or graphs of materials, including graphic art work, prepared pursuant to this Agreement, will be released by CONSULTANT to any other person or public CITY without CITY's prior written approval. All press releases, including graphic display information to be published in newspapers or magazines, will be approved and distributed solely by CITY, unless otherwise provided by written agreement between the parties. -4- Rev 3/28/23 Agreement No. 6906 Agreement No. 18.INDEMNIFICATION. A. CONSULTANT agrees to the following: i. Indemnification for Professional Services. CONSULTANT will save harmless and indemnify and at CITY's request reimburse defense costs for CITY and all its officers, volunteers, employees and representatives from and against any and all suits, actions, or claims, of any character whatever, brought for, or on account of, any injuries or damages sustained by any person or property directly resulting or directly arising from the gross negligence or willful misconduct by CONSULTANT or any of CONSULTANT's officers, agents, employees, or representatives, in the performance of this Agreement. CONSULTANT'S indemnification obligations hereunder shall not extend to any and all suits, actions, or claims, of any character whatever, brought for, or on account of, any injuries or damages sustained by any person or property resulting from the sole negligence or willful misconduct of the CITY and all of its officers, volunteers, employees and representatives. ii. Indemnification for other Damages. CONSULTANT indemnifies and holds CITY harmless from and against any claim, action, damages, costs (including, without limitation, attorney's fees), injuries, or liability, arising out of this Agreement, or its performance. Should CITY be named in any suit, or should any claim be brought against it by suit or otherwise, whether the same be groundless or not, arising out of this Agreement, or its performance, CONSULTANT will defend CITY (at CITY's request and with counsel satisfactory to CITY) and will indemnify CITY for any judgment rendered against it or any sums paid out in settlement or otherwise. B. For purposes of this section "CITY" includes CITY's officers, officials, employees, agents, representatives, and certified volunteers. C. It is expressly understood and agreed that the foregoing provisions will survive termination of this Agreement. D. The requirements as to the types and limits of insurance coverage to be maintained by CONSULTANT as required by Section 222, and any approval of said insurance by CITY, are not intended to and will not in any manner limit or qualify the liabilities and obligations otherwise assumed by CONSULTANT pursuant to this Agreement, including, without limitation, to -5- Rev 3/28/23 Agreement No. 6906 Agreement No. the provisions concerning indemnification. 19.ASSIGNABILITY. This Agreement is for CONSULTANT's professional services. CONSULTANT' attempts to assign the benefits or burdens of this Agreement without CITY's written approval are prohibited and will be null and void. 20.INDEPENDENT CONTRACTOR. CITY and CONSULTANT agree that CONSULTANT will act as an independent contractor and will have control of all work and the manner in which is it performed. CONSULTANT will be free to contract for similar service to be performed for other employers while under contract with CITY. CONSULTANT is not an agent or employee of CITY and is not entitled to participate in any pension plan, insurance, bonus or similar benefits CITY provides for its employees. Any provision in this Agreement that may appear to give CITY the right to direct CONSULTANT as to the details of doing the work or to exercise a measure of control over the work means that CONSULTANT will follow the direction of the CITY as to end results of the work only. 21.AUDIT OF RECORDS. CONSULTANT will maintain full and accurate records with respect to all services and matters covered under this Agreement. CITY will have free access at all reasonable times to such records, and the right to examine and audit the same and to make transcript therefrom, and to inspect all program data, documents, proceedings and activities. CONSULTANT will retain such financial and program service records for at least three (3) years after termination or final payment under this Agreement. For the avoidance of doubt, records as identified in this paragraph do not include CONSULTANT'S workpapers which are proprietary information and access is restricted. 22.INSURANCE. A. Before commencing performance under -this Agreement, and at all other times this Agreement is effective, CONSULTANT will procure and maintain the following types of insurance with coverage limits complying, at a minimum, with the limits set forth below: T De of Insurance Commercial general liability: Professional Liability Business automobile liability Workers compensation Limits $1,000,000 $1,000,000 $1,000,000 Statutory requirement B. Commercial general liability insurance will meet or exceed the requirements of ISO-CGL Form No. CG 00 01 11 85 or 88. The amount of -6- Rev 3/28123 Agreement No. 6906 Agreement No. insurance set forth above will be a combined single limit per occurrence for bodily injury, personal injury, and property damage for the policy coverage. Liability policies will be endorsed to name CITY, its officials, and employees as "additional insureds" under said insurance coverage and to state that such insurance will be deemed "primary" such that any other insurance that may be carried by CITY will be excess thereto. Such endorsement must be reflected on ISO Form No. CG 20 10 11 85 or 88, or equivalent. Such insurance will be on an "occurrence," not a "claims made," basis and will not be cancelable or subject to reduction except upon thirty (30) days prior written notice to CITY. C. Professional liability coverage will be on an "occurrence basis" if such coverage is available, or on a "claims made" basis if not available. When coverage is provided on a "claims made basis," CONSULTANT will continue to renew the insurance for a period of three (3) years after this Agreement expires or is terminated. Such insurance will have the same coverage and limits as the policy that was in effect during the term of this Agreement, and will cover CONSULTANT for all claims made by CITY arising out of any errors or omissions of CONSULTANT, or its officers, employees or agents during the time this Agreement was in effect. D. Automobile coverage will be written on ISO Business Auto Coverage Form CA 00 01 06 92, including symbol 1 (Any Auto). E. CONSULTANT will furnish to CITY duly authenticated Certificates of Insurance evidencing maintenance of the insurance required under this Agreement and such other evidence of insurance or copies of policies as may be reasonably required by CITY from time to time. Insurance must be placed with insurers with a current A.M. Best Company Rating equivalent to at least a Rating of "A:VII." F. Should CONSULTANT, for any reason, fail to obtain and maintain the insurance required by this Agreement, CITY may obtain such coverage at CONSULTANT's expense and deduct the cost of such insurance from payments due to CONSULTANT under this Agreement or terminate pursuant to Section 15. 23. USE OF SUBCONTRACTORS. CONSULTANT must obtain CITY's prior written approval to use any consultants while performing any portion of this Agreement. Such approval must approve of the proposed consultant and the terms of compensation. 24.INCIDENTAL TASKS. CONSULTANT will meet with CITY monthly to provide the status on the project, which will include a schedule update and a short narrative description of progress during the past month for each major task, a description of the work remaining and a description of the work to be done before the next schedule update. -7- Rev 3/28123 Agreement No. 6906 Agreement No. 25. NOTICES. All communications to either party by the other party will be deemed made when received by such party at its respective name and address as follows: If to CONSULTANT: Attention: Tiffany Fung CLIFTONLARSONALLEN, LLP 2875 Michelle Drive, Suite 300 Irvine, CA 92606 (714) 795-5047 Tiffany. Fu nclaconnect.com If to CITY: Attention: Wei Cao City of El Segundo 350 Main Street El Segundo, CA 90245 (310) 524-2377 cacao else undo.or Any such written communications by mail will be conclusively deemed to have been received by the addressee upon deposit thereof in the United States Mail, postage prepaid and properly addressed as noted above. In all other instances, notices will be deemed given at the time of actual delivery. Changes may be made in the names or addresses of persons to whom notices are to be given by giving notice in the manner prescribed in this paragraph. 26. CONFLICT OF INTEREST. CONSULTANT will comply with all conflict of interest laws and regulations including, without limitation, CITY's conflict of interest regulations. 27. SOLICITATION. CONSULTANT maintains and warrants that it has not employed nor retained any company or person, other than CONSULTANT's bona fide employee, to solicit or secure this Agreement. Further, CONSULTANT warrants that it has not paid nor has it agreed to pay any company or person, other than CONSULTANT's bona fide employee, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. Should CONSULTANT breach or violate this warranty, CITY may rescind this Agreement without liability. 28.THIRD PARTY BENEFICIARIES. This Agreement and every provision herein is generally for the exclusive benefit of CONSULTANT and CITY and not for the benefit of any other party. There will be no incidental or other beneficiaries of any of CONSULTANT's or CITY's obligations under this Agreement. 29.INTERPRETATION. This Agreement was drafted in, and will be construed in accordance with the laws of the State of California, and exclusive venue for any action involving this agreement will be in Los Angeles County. 30. COMPLIANCE WITH LAW. CONSULTANT agrees to comply with all federal, state, and local laws applicable to this Agreement. -8- Rev 3/28/23 Agreement No. 6906 Agreement No. 31. ENTIRE AGREEMENT. This Agreement, and its Attachments, sets forth the entire understanding of the parties. There are no other understandings, terms or other agreements expressed or implied, oral or written. This Agreement will bind and inure to the benefit of the parties to this Agreement and any subsequent successors and assigns. 32. RULES OF CONSTRUCTION. Each Party had the opportunity to independently review this Agreement with legal counsel. Accordingly, this Agreement will be construed simply, as a whole, and in accordance with its fair meaning; it will not be interpreted strictly for or against either Party. 33. SEVERABILITY. If any portion of this Agreement is declared by a court of competent jurisdiction to be invalid or unenforceable, then such portion will be deemed modified to the extent necessary in the opinion of the court to render such portion enforceable and, as so modified, such portion and the balance of this Agreement will continue in full force and effect. 34.AUTHORITY/MODIFICATION. The Parties represent and warrant that all necessary action has been taken by the Parties to authorize the undersigned to execute this Agreement and to engage in the actions described herein. This Agreement may be modified by written amendment. CITY's executive manager, or designee, may execute any such amendment on behalf of CITY. 35. ELECTRONIC SIGNATURES. This Agreement may be executed by the Parties on any number of separate counterparts, and all such counterparts so executed constitute one Agreement binding on all the Parties notwithstanding that all the Parties are not signatories to the same counterpart. In accordance with Government Code § 16.5, the Parties agree that this Agreement, Agreements ancillary to this Agreement, and related documents to be entered into in connection with this Agreement will be considered signed when the signature of a party is delivered by electronic transmission. Such electronic signature will be treated in all respects as having the same effect as an original signature. 36. CAPTIONS. The captions of the paragraphs of this Agreement are for convenience of reference only and will not affect the interpretation of this Agreement. 37.TIME IS OF ESSENCE. Time is of the essence for each and every provision of this Agreement. 38. FORCE MAJEURE. Should performance of this Agreement be prevented due to fire, flood, explosion, acts of terrorism, war, embargo, government action, civil or military authority, the natural elements, or other similar causes beyond the Parties' reasonable control, then the Agreement will immediately terminate without obligation of either party to the other. 39.STATEMENT OF EXPERIENCE. By executing this Agreement, CONSULTANT represents that it has demonstrated trustworthiness and possesses the quality, fitness -9- Rev 3/28/23 Agreement No. 6906 Agreement No. and capacity to perform the Agreement in a manner satisfactory to CITY. CONSULTANT represents that its financial resources, surety and insurance experience, service experience, completion ability, personnel, current workload, experience in dealing with private consultants, and experience in dealing with public agencies all suggest that CONSULTANT is capable of performing the proposed contract and has a demonstrated capacity to deal fairly and effectively with and to satisfy a public CITY. [Signatures on next page] -10- Rev 3/28/23 Agreement No. 6906 Agreement No. IN WITNESS WHEREOF the parties hereto have executed this contract the day and year first hereinabove written. OOF EL SE UNDO 1 1 4 ik Darrell George, City Manager ATTES Tracy Weaver, City Clerk CLIFTONLARSONALLEN, LLP A4wal- By' Robert J. Callanan, CPA Principal Title: Taxpayer ID No. APPROVED AS TO FORM: MARK D. HENSLEY, City Attorney By: L-- Joaqui I Vazquez, Assistant City Attorney 41-0746749 -1 1- Rev 3/28/23 r�i Agreement No Revised Cost Proposal For professional auditing services to City of El Segundo CPAS I CONSULTANTS I WEALTH ADVISORS CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See G I„ o oh Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC -registered investment advisor, ©2024 CliftonLarsonAllen LLP Agreement No. 6906 Clifton LarsonAllen LLP CLAconnect.com Cover Letter March 7, 2024 Vicky Cao, Finance Manager City of El Segundo 350 Main Street El Segundo, CA 90245 Dear Vicky: Thank you for the opportunity to revise our cost proposal. We value the working relationship that we have built with the City over the past few years. As such, we have reviewed our cost proposal and determined that we can offer an approximately 5% decrease from our initial proposed fees. Our cost proposal is reflective of our commitment to providing exceptional service while remaining mindful of the inflationary factors and the new auditing standards that will require additional work to be performed in the upcoming audits. The optional service for research and assistance on accounting and technical matters above and beyond the time associated with the audit will only be billed on an as -needed basis. The scope and fees of the specific project(s) will be discussed with the City prior to the start of any work. In addition, we noticed in the initial proposed fee schedules that the "standard hourly rates" did not reflect the correct amounts. This has been corrected in this revised cost proposal. Thank you for your continued trust in CLA. We look forward to the opportunity to serve you again. Sincerely, Clifton LarsonAllen LLP Robert J. Callanan, CPA Principal 714-585-6107 bob.callanan@CLAconnect.com -670 ©2024 CliftonLarsonAllen LLP Agreement No. 6906 Revised Bid Amount - Proposed Fees 1. Itemized of Total All -Inclusive Maximum Price Having upfront conversations builds relationships. Based on our understanding of your requirements, we propose the following fees: Optional Years Professional Services FY 2023-24 FY 2024-25 FY 2025-26 FY FY 2026-27 2027-28 City of El Segundo (1) $56,110 $58,050 $60,080 $62,08 $64,224 Single Audit (2) $4,790 $4,960 $5,130 $5,310 $5,500 State Controller's Report $4,326 $4,480 $4,640 $4,800 $4,970 GANN Report $379 $390 $400 $410 $420 Technology and client $3,280 $3,390 $3,510 $3,630 $3,760 support fee (5%) Subtotal $68,885 $71,270 $73,760 $76,230 $78,874 Research & Assistance $9,416 $9,750 $10,090 $10,440 $10,810 (50 Hours) (3) Technology and client $470 $490 $500 $520 $540 support fee (5%) Subtotal $9,886 $10,240 $10,590 $10,960 $11,35 Total All-inclusive $78,771 $81510 $84,350 $87,190 $90,224 Maximum Price (1) The fee is for the audit, ACFR preparation, and SAS 114 and SAS 115 letters. (2) The fee contemplates auditing one major program. Additional major programs will be audited for an additional cost of $3,500. (3) The fee is for specific projects that are complex or require significant time or resources. Regular consultation is included as part of the audit service. _GVO 02024 Clifton LarsonAllen LLP Agreement No. 6906 Our fixed -fee quote is designed with an understanding that: • The City personnel will provide documents and information requested in a timely fashion. • The operations of your organization do not change significantly. w There are not significant changes to the scope, including no significant changes in auditing, accounting, or reporting requirements. The 5% technology and client support fee supports our continuous investment in technology and innovation to enhance your experience and protect your data. 2. Schedule of Professional Fees and Expenses Fiscal r 2023-24 Financial Statements Staff Level Hours Standard Quoted Hourly Rate Hourly ate "fetal Principal 2.4 $59 $380 $9,1.20 Signing Director 61 $400 $255 $16,165 Supervisory Staff 130 $210 $1.43 $18,5 0 Staff 185 $180 $114 $21,090 Admin 8 $125 $80 $ 40 .Subtotal $65,605 Total for services described in 'Section 11 E of the RFP $9,415 (research & assistance _ 50 hours) Out -of -Pocket Expenses • Meals and Lodging included •Transportation • tither Technology and Client Support Fee (5 ) $3,75 Total All. -inclusive Maximum price for the Fiscal Year 20 3- 4 Audit 78,77 ©2024 CliftonLarsonAllen LLP Agreement No. 6906 Fiscal, Year 2024-25 Financial Statements Stet' Level Hours standard Hourly Rate Quoted Hourly .ate Total Principal 24 $590 $393 $9,432 Signing Director 61 $400 $274 $16,714 Supervisory Staff 130 $210 $148 $1,924 Staff 185 $180 $118 $2,183 Ad m i n 8 $125 $83 $664 Subtotal $67,880 Total for services described in Section II E of the RFP $9,750 (research & assistance — 50 hours) Out -of -Pocket Expenses • Meals and Lodging Included • Transportation • Other Technology and Client Support Fee (5%) $3,880 "Total All -Inclusive Maximum Price for the Fiscal Year 2024-25 Audit $81,510 -GVO ©2024 Clifton LarsonAllen LLP Agreement No. 6906 Fiscal Year 2025-26 Financial Statements nit Staid' Level Hours Standard Hourly late Quoted Hourly Rate Total Principal 24 $590 $407 $9,768 Signing Director 6 $400 $284 $17,324 Supervisory Staff 180, $210 $158 $19,890 Staff 185 $180 $122 $22,570 Admin 8 $125 $86 $688 Subtotal ,$70,201 Total for services described in Section lG E of the 8FP $10,090 (research & assistance — 50 lours) Out -of -Pocket Expenses • ideals and Lodging Included • Transportation • Other Technology and Client'Support Fee (5%) $4,010 Total All-inclusive Maximum Price for the Fiscal Year 20 - 6 Audit $84,350 2024 CliftonLairsonAflen LLP Agreement No. 6906 Fiscal Year 20 -27 Financial Statements (Optional Year) Staff Uvel Hours Standard Hourly Rate not d Hourly Rate Total Principal 2.4 $5 0 $421 $10,104 Signing Director 61 $400 $2 4 $17," 34 Supervisory Staff 130 $210 $158 $20,540 .Staff 185 $180 $12.6 $23,310 Admin 8 $125 $8 712 urbtotat ,$72, 00 Total for services described in Section it F of the RFP $10,440 (research & assistance — 50 hours) Out -of -Pocket Expenses • Meals and Lodging Included • Transportation e other Technology and Client Support Fee (5%) $4,150 Total All-inclusive Maximum Price for the Fiscal Year 2026.27" Audit $87,190 @2024 Clifton LarsonAllen LLP Agreement No. 6906 Fiscal Year 2027-28 Financial Statements (Optional Year) Staff Level Hours Standard Hourly Rate Quoted Hourly Rate Total Principal 24 $590 $436 $10,464 Signing Director 61 $400 $304 $18,544 Supervisory Staff 130 $210 $164 $21,320 Staff 185 $180 $130 $24,050 Admin 8 $125 $2 736 Subtotal $75,114 Total for services described in Section II E of the RFP $10,810 (research & assistance — 50 hours) Out -of -Pocket Expenses • Meals and Lodging Included • Transportation • Other Technology and Client Support Fee (5%) $4,300 Total All-inclusive Maximum Price for the Fiscal Year 2027-28 Audit $90,224 Billing for phone calls and questions It is not our policy or practice to bill our clients every time we receive a phone call or email. While providing our services, we will regularly consult regarding accounting, financial reporting, and rA significant business issues. If a specific project is complex or requires significant time or resources, we will discuss the scope of the project and its fee with you first — this service would be categorized under the service described in Section II E of the RFP. No surprises Our clients don't like fee surprises. Neither do we. If changes occur, we will discuss a revised fee proposal with you before beginning any work. For any "out -of -scope" work, we will provide an estimate for your approval. We're invested in our relationships and strongly encourage intentional and frequent communication. Contact us year-round as changes or questions arise — we do not bill for routine inquiries or advice. We are committed to creating a long-standing relationship. If you have concerns about the fee structure, give us a call and let's discuss. Transparent: Clear, authentic communication and market -based fees. -GV0 ©2024 Clifton LarsonAllen LLP Agreement No. 6906 3. Out-of-pocket expenses Please note that these are firm -fixed fees and include out-of-pocket costs associated with the engagement such as local travel. We understand that clients do not want fee surprises; our fee and billing practices reflect this understanding. 4. Rates for additional professional services If it becomes necessary for the City to request CLA to render any additional services, then such additional work shall be performed only if set forth in an addendum to the contract between the City of El Segundo and CLA. Any such additional work agreed to between the City and CLA shall be performed at the same rates set forth in the schedule of professional fees and expenses included in the bid amount. 5. Manner of payment Our invoices for these fees will be rendered each month as work progresses and are payable on presentation in full. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and will not be resumed until your account is paid in full. _ ©2024 Clifton LarsonAllen LLP