CONTRACT 5302 Professional Services Agreement CLOSED Agreement No. 5302
BADAWI&ASSOCIA FES
October 4, 2016
Jody Scott
Budget and Payroll Supervisor
City of El Segundo
350 Main Street
El Segundo,CA 90245
We are pleased to confirm our understanding of the nature and limitations of the services we are to
provide for the City of El Segundo("the City").
We will prepare the journal entries required for the City's pension plans for the fiscal year ended June
30,2016. In addition to this we will also prepare the following information:
- GASB 68 Pension Notes Disclosure
- G i" 5 B 68 Required' Su pp lenien tary In fo s°ilia tion
Ahmed Bada w i is the engagement partner and is responsible for supervising the engagement.
We plan to cc rriplete our procedures within two weeks after receiving the City's CalPERS' GASB 68
valuation reports unless unforeseeable problems are encountered.
Our fee for these services is$1,500,broken down as follows:
- Preparation of GASB 68 Journal Entries for 2 plans-$500
- Preparation of GASB 68 Notes Disclosure and Required Supplementary Information for 2 plans -
$1,000
We will submit our bill for services upon delivery of the service,and billings are due upon submission.
We appreciate the opportunity to assist you and believe this letter accurately summarizes the
significant terms of our engagement. If you have any questions, please let us know. If you agree with
the terms of our engagement as described in this letter, please sign the enclosed copy and return it to
us. If the need for additional procedures arises, our agreement with you will need to be revised. It is
customary for us to enumerate these revisions in an addendum to this letter.
Very truly yours,
Badawi&Associates
Certified Public Accountants
Oakland,California
Agreement No. 5302
Jody Scott
Budget and Payroll Supervisor
City of El Segundo
Page 2
RESPONSE:
This letter correctly sets forth the understanding of the City of El Segundo.
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of El Segundo
1
Agreement No. 5302
BADAWI&ASSOCIATES
Badawi & Associates
180 Grand Avenue
Suite 1500
Oakland, CA 94612
510-768-8251
City of El Segundo
Attention: Accounts Payable
Invoice No. 1381
Date 31612017
Client No. SEG
SERVICE AMOUNT
Preparation of 2016GASB 68 journal entries
preparation, notes discosure and Required
Supplementary Information $ 1500.00
Current Amount Due 1,500.00
Prior Balance 0.00
Total Amount Due
`}EPA PO or REG PA
T; # coo e oo G� - " $1§0 0
THIS AMOUNT
E APPROVW
NE
,jeoopti U14 Anance l..;FEr+Alc)r
0-30 31-60 61 -90 91 -120 Over 120 Balance
1,600,00 0.00 0.00 0.00 0,00 1,600.00