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<br />1(1liannett Fleming
<br />
<br />GANNETT FLEMING, INC.
<br />P.O. Box 67100
<br />Harnsburg, PA 17106-7100
<br />
<br />Location:
<br />207 Senate Avenue
<br />Camp Hill, PA 17011
<br />
<br />Office: (717) 763-7211
<br />Fax: (717) 763-8150
<br />www.(lannettfleming.com
<br />
<br />CERTIFICATION OF FINANCIAL CAPABILITY
<br />for
<br />CITY OF SUNNY ISLES BEACH, FLORIDA
<br />REQUEST FOR QUALIFICATIONS NO. 07-0J-OI
<br />PROFESSIONAL GENERAL ENGINEERING CONSULTANT
<br />
<br />This is to certi fy that, in connection with our proposal to provide professional services to City of Sunny Isles Beach,
<br />we are linancially stable and have the necessary tinancial resources to provide these services, as evidenced by:
<br />
<br />· Our audited consolidated balance sheet. as of December 31,2005, which retlects total assets of $82,376,000;
<br />working capital of$54, 198,000; and stockholders' equity (net worth) of$4,338,000. A copy of the consolidated
<br />halance sheet accompanies this certitication. Complete audited consolidated tinancial statements for 2005 will
<br />he provided to City, upon request. Financial statements for 2006 are not yet available.
<br />
<br />· Our consolidated operating revenues of $224,720,000 and $227,975,000 for the years ended December 31, 2005
<br />and 2004, respectively. Financial statements for 2006 are not yet available.
<br />
<br />· Our history: Gannett Fleming, Inc. was incorporated in Delaware in 1989 and is a member tirm of the Gannett
<br />Fleming organization, which was founded in 1915. Gannett Fleming has provided professional services to
<br />thousands of clients in all 50 states and a number of foreign countries. The organization's more than 1,700
<br />employees currently provide services to federal, state, and municipal government agencies; railroads and
<br />utilities; and private and commercial clients, from more than 45 offices, including Florida locations in
<br />Jacksonville, Miami, Orlando, Tallahassee, Tampa, and West Palm Beach.
<br />
<br />· Our ownership: Gannett Fleming, Inc. is a subsidiary of Gannett Fleming Affiliates, Inc., a Delaware holding
<br />company whose stock is privately held by 75 Gannett Fleming employees, none of whom owns more than tive
<br />percent of the stock. A list of those stockholders and their business addresses accompanies this certification.
<br />
<br />· Our unsecured lines of credit at three commercial banks --- M&T Bank (Manutacturers and Traders Trust
<br />Company), PNC Bank, N.A., and Sovereign Bank --- totaling $15,950,000, all of which is currently available for
<br />future borrowing.
<br />
<br />· Favorable reports issued by our federal audit agency, the Defense Contract Audit Agency (DC AA), on an
<br />A.\'.\'(;'ssmenf a/Financial Capabilify and on Alodi/ied Financial Condifion Risk Assessmenfs performed from
<br />November 2001 through August 2004, which indicated that an "analytical review ofGFI's financial
<br />statements.. ..did not reveal any adverse trends indicative of a company in tinancial distress" and that the DCAA
<br />was "not aware of any signi ticant events or adverse conditions that would affect G FI's abi I ity to perform on
<br />government contracts due to deterioration in GFI's financial condition". The DCAA has subsequently
<br />concluded that their assessments did not show indications ofsigniticant untavorable tinancial conditions that
<br />would warrant the performance of a detailed financial condition risk assessment.
<br />
<br />To the best of our knowledge, no material unfavorable changes in our tinancial condition have occurred subsequent
<br />to December 3 I, 2005 --- the date of our most recent audited tinancial statements.
<br />
<br />GANNETT FLEMING, INC.
<br />
<br />//r
<br />Lynn E. Knepp
<br />Senior Vice President and CFO
<br />
<br />,
<br />. ~ .6(' /
<br />F'
<br />
<br />April 23, 2007
<br />
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