OG&E 2009 Annual Report Download - page 112

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Audit-Related Fees
The aggregate fees billed for audit-related services for the fiscal year ended December 31, 2009 were $123,100, of which
$104,000 was for employee benefit plan audits and $19,100 for other audit-related services.
The aggregate fees billed for audit-related services for the fiscal year ended December 31, 2008 were $117,400, of which
$99,000 was for employee benefit plan audits and $18,400 for other audit-related services.
Tax Fees
The aggregate fees billed for tax services for the fiscal year ended December 31, 2009 were $495,145. These fees include
$481,490 for tax preparation and compliance ($75,500 for the review of Federal and state tax returns and $405,990 for assistance with
examinations and other return issues) and $13,655 for other tax services.
The aggregate fees billed for tax services for the fiscal year ended December 31, 2008 were $374,100. These fees include
$186,520 for tax preparation and compliance ($70,500 for the review of Federal and state tax returns and $116,020 for assistance with
examinations and other return issues) and $187,580 for other tax services.
All Other Fees
There were no other fees billed by the independent auditors to OGE Energy in 2009 and 2008 for other services.
Audit Committee Pre-Approval Procedures
Rules adopted by the SEC in order to implement requirements of the Sarbanes-Oxley Act of 2002 require public company
audit committees to pre-approve audit and non-audit services. OGE Energy’s Audit Committee follows procedures pursuant to which
audit, audit-related and tax services, and all permissible non-audit services are pre-approved by category of service. The fees are
budgeted, and actual fees versus the budget are monitored throughout the year. During the year, circumstances may arise when it may
become necessary to engage the independent public accountants for additional services not contemplated in the original pre-
approval. In those instances, the Company will obtain the specific pre-approval of the Audit Committee before engaging the
independent public accountants. The procedures require the Audit Committee to be informed of each service, and the procedures do
not include any delegation of the Audit Committee’s responsibilities to management. The Audit Committee may delegate pre-
approval authority to one or more of its members. The member to whom such authority is delegated will report any pre-approval
decisions to the Audit Committee at its next scheduled meeting.
For 2009, 100 percent of the audit fees, audit-related fees, tax fees and all other fees were pre-approved by the Audit
Committee or the Chairman of the Audit Committee pursuant to delegated authority.
PART IV
Item 15. Exhibits, Financial Statement Schedules.
(a) 1. Financial Statements
The following financial statements and supplementary data are included in Part II, Item 8 of this Annual Report:
Ÿ
Statements of Income for the years ended December 31, 2009, 2008 and 2007
Ÿ
Balance Sheets at December 31, 2009 and 2008
Ÿ
Statements of Capitalization at December 31, 2009 and 2008
Ÿ
Statements of Changes in Stockholder’s Equity for the years ended December 31, 2009, 2008 and 2007
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