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<br /> 8.1 MRC AUDIT EFFICIENCY CREDITS <br /> Efficiencies are realized by MRC from common tasks accomplished and data <br /> developed in providing revenue enhancement audits and GRIP services. In this <br /> regard, MRC proposes to offer to the City, in the form of Audit Efficiency <br /> Credits, an opportunity to reduce the compensation paid MRC as follows: <br /> First Tier Audit Efficiency Credits - the City can qualify for First Tier <br /> Audit Efficiency Credits if, in addition to BLIS, the City elects to utilize <br /> MRC's revenue enhancement audits and GRIP service. This will provide a <br /> credit of $32,000 which may be used to reduce MRC earned compensation <br /> from the revenue enhancement audits and/ or GRIP service for the period <br /> described below each year commencing July 1, 1996. <br /> Second Tier Efficiency Credits - the City can qualify for Second Tier <br /> Audit Efficiency Credits if, in addition to BLIS, the City elects to utilize <br /> MRC's revenue enhancement audits (but not GRIP). This will provide a <br /> credit of $16,000 which may be used to reduce MRC earned compensation <br /> from the revenue enhancement audits for the period described below <br /> each year commencing July 1, 1996. <br /> In addition, to qualify for Audit Efficiency Credits, the City must <br /> !:J Authorize MRC to proceed with the appropriate services for the Tier of Audit <br /> Efficiency Credits sought; <br /> !:J Submit to the appropriate State agency an estimated claim for BLIS <br /> reimbursement by the deadline for submitting estimated claims for <br /> compliance with State mandates each year (November 30 of the fiscal year in <br /> which the expense is incurred, or other deadline as may be established by the <br /> State); and <br /> !:J Submit to the appropriate State agency a claim for actual expenses incurred <br /> for BLIS by the deadline for submitting claims for reimbursement of State <br /> mandated local programs (November 30 following the fiscal year in which <br /> the expense is incurred, or other deadline as may be established by the State). <br /> Audit Efficiency Credits are granted July 1 of each year and are applied to MRC <br /> billings between that July 1 and the following June 30 to reduce the amount due <br /> MRC as earned compensation for providing the revenue enhancement audits <br /> and/ or GRIP service. Audit Efficiency Credits may not be carried over beyond <br /> June 30 of any year. <br /> 16 <br /> - <br />