Contract - Davis Farr LLP - 2017-04-17 Davi s Fa r rDavis Farr LLP
2301 Dupont Drivel Suite 200 I Irvine,CA 92612
CERTIFIED PUBLIC ACCOUNTANTS Main:949.474.20201 Fax:949.263.5520
April 17, 2017
Mr. Scott Carroll
General Manager
Costa Mesa Sanitary District
290 Paularino Avenue
Costa Mesa, California 92626
RE: REQUEST FOR RATE ADJUSTMENT
Dear Mr. Carroll:
Davis Farr LLP (Davis Farr) has been providing Treasurer and, on occasion, other financial
services to the Costa Mesa Sanitary District (District) since it separated from the City of Costa
Mesa in 2004. Services performed have been paid at rates last approved by the Board of
Directors effective July 1, 2015. Since then, the Consumer Price Index (CPI) for All Urban
Consumers has increased 3.02%as follows for the Los Angeles-Riverside-Orange County areas:
CPI
March 2017 254.525
July 2015 247.066
Increase in CPI 7.459
Percent increase in CPI 3.02%
In order to coincide with the District's new budget cycle, we respectfully request that the hourly
rates for Treasurer services be increased by approximately 3% as follows, to be effective
beginning July 1, 2017.
Proposed Current Increase
Classification Rate Rate Amount Percent
Partner $126 $123 $3 2.44%
Senior Consultant 90 88 2 2.27%
Thank you for consideration of this rate adjustment.
Sincerely,
Marcus D. Davis, CPA
Partner