Text · page 30 of 44
Read the whole document on one page (all 44 pages, each with its own heading)
This document was a scan. Its text was produced by character recognition and may contain errors; check the original for exact wording.
APPENDIX A Village of Springville, New York Circumstances Affecting Timing and Fee Estimate Year Ended May 31, 2026 The estimate of our fees is based on certain assumptions. To the extent that certain circumstances as listed in this Appendix arise during the engagement, our fee estimate may be significantly affected and additional fees may be necessary. We will notify you of circumstances that we encounter that could significantly affect our estimate and discuss with you any additional fees, as necessary which would be subject to approval by the Village Board. Such circumstances include but are not limited to the following: 1. Changes to the timing of the engagement at the Village’s request. Changes to the timing of the engagement usually require reassignment of personnel used by Drescher & Malecki LLP (D&M) in the performance of services hereunder. However, because it is often difficult to reassign individuals to other engagements, D&M may incur significant unanticipated costs. 2. All audit schedules are not (a) provided by the Village on the date requested, (b) completed ina format acceptable to D&M (c) mathematically correct, or (d) in agreement with the appropriate Village records (e.g., general ledger accounts). D&M will provide the Village with a separate listing of required schedules and deadlines. 3. Weaknesses in the internal control structure. 4. Significant new issues or changes as follows: a. Significant new accounting issues that require an unusual amount of time to resolve. b. Significant changes in accounting policies or practices from those used in prior years. c. Significant changes or transactions that occur prior to the issuance of our reports. d. Significant changes in the Village’s accounting personnel, their responsibilities, or their availability. e. Significant changes in auditing requirements set by regulators. 5. Significant delays in assistance in the Village’s assistance in the engagement or delays by the Village in reconciling variances as requested by D&M. Allinvoices, contracts, and other documents, which we will identify for the Village, are not located by the Village’s personnel or made ready for our easy access. 6. Deterioration in the quality of the Village’s accounting records during the current-year engagement in comparison with the prior-year engagement. 7. The procedures necessary to adopt new Governmental Accounting Standards Board Statements have not been completed by Village personnel. 8. A significant level of proposed audit adjustments are identified during our audit. 9, Changes in audit scope caused by events that are beyond our control.