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January 5, 2016Ms. Mary Haskell Director of Finance City of East Lansing City Hall 410 Abbot Road East Lansing, MI 48823 Re: Proposed Fees for the December 31, 2014, Actuarial Valuation of the City
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01
Start by determining the purpose of the proposed fees. Are you proposing new fees for a specific service or product?
02
Identify the target audience for the proposed fees. Who will be affected by these fees?
03
Research and gather information on the current market and industry standards for similar fees. This will help you determine the appropriate pricing.
04
Determine the cost factors involved in providing the service or product. Consider expenses such as materials, labor, overhead costs, and any other relevant factors.
05
Analyze the potential impact of the proposed fees on your target audience. Will it be affordable and acceptable to them?
06
Create a clear and concise breakdown of the proposed fees. Make sure to include a description of the service or product, the fee amount, any additional charges or discounts, and any terms and conditions.
07
Present the proposed fees to the relevant stakeholders, such as management or a board of directors. Clearly explain the rationale behind the fees and highlight the benefits or value it will provide.
08
Gather feedback and address any concerns or questions raised by the stakeholders. Make any necessary adjustments or revisions to the proposed fees based on the feedback received.
09
Once the proposed fees have been finalized, communicate them effectively to the target audience. This can be done through various channels such as email, website announcements, or in-person meetings.
10
Monitor the implementation of the proposed fees and gather feedback from customers or clients. This will help you evaluate the effectiveness and success of the new fees and make any necessary adjustments in the future.

Who needs re proposed fees for?

01
Anyone who is responsible for setting or adjusting fees for products or services may need to consider re proposing fees.
02
This can include business owners, managers, finance professionals, or any individual involved in financial decision-making.
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Additionally, organizations or industries that require regulatory compliance or approval for fees may need to re propose fees if there are changes in regulations or market conditions.
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