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<br /> Responsibility: <br />l Contractor Prepares Initial Calculation for review <br /> by Consultant <br /> Timing: Prior to August 1 <br /> Tasks: II.Determine Actual Expenses (Prior Year) <br /> '.Project Contractor Expenses (Current Year) <br /> '.Forecast Contractor Ex enses Rate Year <br />As described in the Agreement, the Contractor's Compensation shall be determined by <br />calculating the sum of: <br />1) Labor Expense <br />2) Vehicle and Container Operating and Maintenance Expense <br />3) Other Operating Expense <br />4) Depreciation and Other Fixed Costs <br />5) Profit <br />6) Pass-Through Expenses <br />7) Balance Due To/Due From Contractor from Prior Year Operations. <br />DETERMINING THE FUTURE ANNUAL COST OF OPERATIONS <br />In order to determine the Future Annual Cost of Operations, the following three steps are <br />to be undertaken: <br />Step 1 - Determining Actual Costs <br />The Contractor's audited financial statements for the most recently completed fiscal year <br />will be reviewed to determine Contractor's actual costs for each of the cost categories for <br />the Prior Year. <br />Step 2 - Adjustment of Actual Costs <br />The actual costs determined above shall be adjusted for each of the following (unless <br />otherwise noted): <br />A. Non-Allowable Expenses are stated below <br /> Costs that are non-allowable consist of the following: <br /> .:. Payments to directors and/ or Contractor owners; <br /> .:. Employee gratis; <br /> SBWMA Compensation Adjustment Guidelines June 6,2000 <br /> PAGE 8 <br />