Res 2017-062/approving an agreement with Deloitte & Touche, LLP for the provision of internal auditing services

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attachment to this Agreement, this Agreement will govern and control. ARTICLE 13 NOTICES 13.1 Notices required under this Agreement will be provided by the parties to one another by certified mail, return receipt requested, or by confirmed facsimile transmission, to the following addresses: To the City: To the Internal Auditor: City Manager Kathie Schwerdtfeger, Engagement Partner City of San Marcos Deloitte & Touche LLP 630 E. Hopkins West 15th St. Suite 1700, San Marcos, Texas 78666 Austin, Texas 78701 ARTICLE 14 BASIS OF COMPENSATION 14.1 The City will compensate the Internal Auditor, in accordance with Article 4, Payments to the Internal Auditor, and the other terms and conditions of this Agreement, as follows: 14.2 The total of all fees and expenses (at direct cost) to be paid to the Internal Auditor for Basic Services as described in Sections 1.1 through 1.5 is a not to exceed fee of $1,151,694.00 for the entire six year term. The annual estimated costs are shown per year below. Reimbursable expenses, include such things as expenses for reproduction of documents, auto travel mileage at the prevailing IRS rate, lodging, delivery charges, long distance, communications and freight and are included in the total compensation. Section One- Total Estimated Annual Amount Total Estimated Annual Amount Year One Year Two Year Three Year Four Year Five Year Six $169,290 $177,862 $186,602 $196,138 $205,750 $216,052 There are several unknown factors regarding this work that may impact the planned hours per week prescribed by the City. 14.3 Compensation for the Internal Auditor's additional services will be computed based on the following hourly rates, plus reimbursable expenses at direct cost. Section Two Deloitte & Touche, LLP Agreement for Internal Auditor Services 2017 21