Professional Financial Audit Services

This contract is for professional financial audit services to be provided by MSL, P.A. to the Sanford Airport Authority. The contract has a term of three years, from August 1, 2023, to July 31, 2026, with an option to renew for two additional one-year periods. The annual audit fee for the first year is $38,500, increasing to $40,250 in the second year, $42,000 in the third year, $43,750 in the fourth year, and $45,500 in the fifth year. The contract includes provisions for payment, invoices, taxes, ownership of documents, quality assurance, non-exclusivity, default and termination, indemnification, accounting records and audit requirements, insurance, non-discrimination, and other terms and conditions. The scope of services includes financial audits, review of financial statements, and other related services.