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EQR » Topics » Fees

This excerpt taken from the EQR DEF 14A filed Apr 16, 2009.

Fees

Fees billed to the Company by Ernst & Young for the years ended December 31, 2008 and 2007 were as follows:

 

Type of Fees:

    2008    2007    % Change

Audit fees (1)

    $ 1,491,400    $ 1,482,100    0.6%

Audit-related fees (2)

      22,500      320,750    (93.0%)
                  
Subtotal:      1,513,900      1,802,850    (16.0%)

Tax compliance/preparation fees (3)

      369,550      546,550    (32.4%)

Tax consulting fees (4)

      217,476      130,574    66.6%
                  
Subtotal:      587,026      677,124    (13.3%)

All other fees

      -      -    -
                  
Total Fees:    $ 2,100,926    $ 2,479,974    (15.3%)

 

  (1) Audit fees are primarily incurred for the review and audit of the Company’s and the Operating Partnership’s annual financial statements and internal control over financial reporting included in their respective Annual Reports on Form 10-K, the review of the Company’s and the Operating Partnership’s interim financial statements included in their respective Quarterly Reports on Form 10-Q, and for consents related to SEC registration statements and comfort letters related to public offerings of registered securities. Audit fees include $510,000 in both 2008 and 2007 related to the Company’s and the Operating Partnership’s Sarbanes-Oxley audits of internal control over financial reporting.

 

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  (2) Fees for audit-related services primarily include services associated with asset acquisitions requiring SEC 3-14 audits, legally required employee benefit plan audits and subscriptions to online accounting and tax information services.

 

  (3) Tax compliance and preparation fees are primarily incurred for the preparation of tax returns for the Company, the Operating Partnership and numerous subsidiaries, claims for refunds and tax payment compliance.

 

  (4) Tax consulting fees relate primarily to tax planning advice incident to acquisitions, dispositions, developments, financings and taxable REIT subsidiaries.
This excerpt taken from the EQR DEF 14A filed Apr 17, 2008.

Fees

Fees billed to the Company by Ernst & Young for the years ended December 31, 2007 and 2006 were as follows:

 

Type of Fees:

    2007    2006    % Change

Audit fees (1)

    $ 1,482,100    $ 1,565,872    (5.3%)

Audit-related fees (2)

      320,750      606,826    (47.1%)
                  
Subtotal:      1,802,850      2,172,698    (17.0%)

Tax compliance/preparation fees (3)

      546,550      535,974    2.0%

Tax consulting fees (4)

      130,574      142,437    (8.3%)
                  
Subtotal:      677,124      678,411    (0.2%)

All other fees

      -      -    -
                  
Total Fees:    $ 2,479,974    $ 2,851,109    (13.0%)

 

11

  (1) Audit fees are incurred for the review and audit of the Company’s and the Operating Partnership’s annual financial statements and internal control over financial reporting included in their respective Annual Reports on Form 10-K, the review of the Company’s and the Operating Partnership’s interim financial statements included in their respective Quarterly Reports on Form 10-Q, and for consents related to SEC registration statements and comfort letters related to public offerings of registered securities. Audit fees include $510,000 in 2007 and $595,000 in 2006 related to the Company's and the Operating Partnership’s Sarbanes-Oxley audits of internal control over financial reporting.

 

  (2) Fees for audit-related services include services associated with asset acquisitions requiring SEC 3-14 audits, legally required employee benefit plan audits and subscriptions to online accounting and tax information services.

 

  (3) Tax compliance and preparation fees are incurred for the preparation of tax returns for the Company, the Operating Partnership and numerous subsidiaries, claims for refunds and tax payment compliance.

 

  (4) Tax consulting fees relate primarily to tax planning advice incident to acquisitions, dispositions, developments, financings and taxable REIT subsidiaries.
This excerpt taken from the EQR DEF 14A filed Apr 16, 2007.

Fees

     Fees billed to the Company by Ernst & Young for the years ended December 31, 2006 and 2005 were as follows:

Type of Fees:    2006         2005         % Change
Audit fees (1)  $ 1,565,872 $ 1,461,826 7.1%
Audit-related fees (2)    606,826   435,111 39.5%
   Subtotal  2,172,698 1,896,937 14.5%
Tax compliance/preparation fees (3)  535,974 563,000 (4.8%)
Tax consulting fees (4)   142,437   133,309 6.8%
   Subtotal    678,411   696,309 (2.6%)
All other fees    -   -  -
   Total Fees  $ 2,851,109 $ 2,593,246 9.9%

11


   (1)       Audit fees are incurred for the review and audit of the Company’s and the Operating Partnership’s annual financial statements and internal control over financial reporting included in their respective Annual Reports on Form 10-K, the review of the Company’s and the Operating Partnership’s interim financial statements included in their respective Quarterly Reports on Form 10-Q, and for comfort and consent letters related to SEC registration statements and public offerings of registered securities. Audit fees include $595,000 in 2006 and $620,000 in 2005 related to the Company’s and the Operating Partnership’s Sarbanes-Oxley audits of internal control over financial reporting.
 
(2) Fees for audit-related services include consultations regarding the Company’s internal control documentation and testing, lender and/or statutory required partnership audits, services associated with asset acquisitions requiring SEC 3-14 audits and legally required employee benefit plan audits.
 
(3) Tax compliance and preparation fees are incurred for the preparation of tax returns for the Company, the Operating Partnership and numerous subsidiaries, claims for refunds and tax payment compliance.
 
(4) Tax consulting fees relate primarily to tax planning advice incident to acquisitions, dispositions, financings and taxable REIT subsidiaries.
This excerpt taken from the EQR DEF 14A filed Apr 17, 2006.

Fees

     Fees billed to the Company by Ernst & Young for the years ended December 31, 2005 and 2004 were as follows:

Type of Fees : 2005 2004 % Change
Audit fees (1) $1,461,826      $1,459,050      0.2%
Audit-related fees (2) 435,111 402,300 8.2%
Subtotal $1,896,937   $1,861,350 1.9%
Tax compliance/preparation fees (3) 563,000 563,000 0%
Tax consulting fees (4) 133,309 130,165 2.4%
All other fees (5) 0 0 0%
Total Fees $2,593,246 $2,554,515 1.5%

11


(1)  Audit fees are incurred for the review and audit of the Company’s and the Operating Partnership’s annual financial statements and internal control over financial reporting included in their respective Annual Reports on Form 10-K, the review of the Company’s and the Operating Partnership’s interim financial statements included in their respective Quarterly Reports on Form 10-Q, and for comfort and consent letters related to SEC registration statements and public offerings of registered securities. Audit fees include $620,000 in 2005 and $650,000 in 2004 related to the Company's and the Operating Partnership's Sarbanes-Oxley audits of internal control over financial reporting.
 
(2) Fees for audit-related services include consultations regarding the Company’s internal control documentation and testing, lender-required partnership audits, services associated with asset acquisitions requiring SEC 3-14 audits and legally required employee benefit plan audits.
 
(3) Tax compliance and preparation fees are incurred for the preparation of tax returns for the Company, the Operating Partnership and numerous subsidiaries, claims for refunds and tax payment compliance.
 
(4)      Tax consulting fees relate primarily to tax planning advice incident to acquisitions, dispositions, financings and taxable REIT subsidiaries.
 
   (5) Includes fees for services not included in the above-listed categories.

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 16, 2009
DEF 14A
Apr 17, 2008
DEF 14A
Apr 16, 2007
DEF 14A
Apr 17, 2006

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