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<br /> EXHIBIT B <br /> COMPENSATION <br />To make MRC's services self-funding for Redwood City, MRC's <br />compensation for providing the revenue enhancement audits and <br />information services shall be entirely predicated and contingent upon <br />MRC's enhancement audits producing new revenue that would not <br />otherwise have been realized by the City, further described as follows: <br />A. SALES/USE TAX <br /> 1. REVENUE ENHANCEMENT AUDIT SERVICE <br /> MRC's compensation for providing the enhancement audit <br /> service is 25% of the new sales/use tax revenue realized by <br /> the City as a result of MRC detecting and correcting the <br /> related point-of-sale/use distribution error. Said 25% applies <br /> to each correction for fund transfers (i.e., retroactive <br /> adjusbnents for eligible amounts improperly distributed in <br /> prior quarters) and the first six consecutive reporting quarters <br /> following completion of the audit by MRC and confirmation <br /> of corrections by the State Board of Equalization. <br /> Sales/use tax audit invoices are submitted quarterly after the <br /> City has received the revenue from the correction and <br /> quarterly distribution report verifying it. Each invoice is to <br /> include the business name, permit number, local allocation <br /> amount received by the City and amount due MRC. Invoices <br /> are due and payable upon receipt. <br />--..-- _"_"_"""'" _. _··_'~·'"_'-~___,M____.__~ ~--_...__.. <br />