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<br />B. REVENUE ENHANCEMENT AUDITS - OTHER TAX SOURCES <br /> MRCs compensation for performing enhancement audits for <br /> revenue sources other than sales/use tax shall be entirely predicated <br /> and contingent upon the results achieved. <br /> Under this arrangement, the City agree(s) to pay MRC an amount <br /> equal to 25% of the deficiency recoveries from eligible prior periods <br /> (plus associated charges for penalties and interest). When MRCs <br /> audits result in the detection and correction of errors/ omissions that <br /> the City and MRC mutually agree will produce ongoing (rather than <br /> one-time) benefits to the City, MRCs compensation shall be 25% of <br /> the incremental revenue realized by the City during the first twelve <br /> consecutive quarters following correction. <br /> Under this arrangement, the City agrees to: <br /> 0 Invoice the responsible party for tax deficiencies (plus <br /> associated charges for penalties and interest) identified and <br /> confirmed by MRC within 30 days following receipt of MRC's <br /> report; and <br /> 0 Notify MRC within 10 days following receipt by the City of <br /> payments resulting from MRC's audit service. Upon being <br /> notified of receipt of payment(s), MRC will then invoice the <br /> City. Earned compensation is due and payable upon receipt <br /> of invoices. <br />C. EXPENSES <br /> All expenses incurred by MRC in providing the audit and <br /> information service are absorbed by MRC. These expenses include <br /> items such as employee salaries and benefits, insurance, airfare, auto <br /> rentals, meals, lodging, keypunching, computer processing, clerical, <br /> communications (e.g., personal meetings, telephone, mail, etc.) <br /> photocopying, overhead and miscellaneous out-of-pockets for <br /> consumable supplies and research materials such as maps, <br /> directories, etc. <br />..-_.- , _ < ..... .,...._....._.4___~.._._'____.__~ . .~-- <br />