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ATTACHMENT K CONTRACTOR’S COMPENSATION AND RATE SETTING PROCESS REV: 03-16-18 MI ATTY/AGR/2018.054/RECOLOGY OF SAN MATEO ATTACHMENT K Page 18 of 24 6. APPLICATION FOR CONTRACTOR’S COMPENSATION ADJUSTMENT Contractor is required to submit an Application for Contractor’s Compensation Adjustment (Application) annually by June 15 for determination of Contractor’s Compensation for the following Rate Year commencing with its Application for Rate Year Eleven (2021) Contractor’s Compensation, which is due June 15, 2020. This Section describes the content of the Application. A. Reporting of Operational Information Operational information shall be reported in total as well as disaggregated by each Line of Business, by Service Sector, and by Member Agency. The information shall be submitted on forms provided by Contractor and approved by SBWMA. Operational information to be provided includes, but is not limited to, the following: • Tonnage Collected by Line of Business; • Number of accounts by Line of Business and account type (i.e., Container size, Collection frequency, and material type); • Number of accounts, lifts, and pulls needed to perform the average service level adjustment calculations (described in Section 4); • Number of Containers in service by Line of Business; • Set-out rates by Line of Business; • Number of routes and annual route hours by Line of Business; • Number and type of vehicles by Line of Business; • Annual route labor hours by Line of Business; and, • Roster of all personnel by category including direct, indirect, and general and administrative (G&A). B. Audited Financial Statements Financial statements (balance sheet, income and expense statement) for the operations covered by this Agreement for Contractor’s immediately preceding fiscal year (October 1 – September 30) shall be submitted with the Application. The financial statements shall be accompanied by a report of an independent Certified Public Accountant licensed by the California Board of Public Accountancy stating that (i) it has audited the financial statements in accordance with auditing standards generally accepted in the United States, and (ii) in its opinion the financial statements present fairly, in all material respects, the financial position of Contractor as of September 30 of the year under review and of the immediately preceding year, and the changes in its financial position for the years then ended in conformity with United States generally accepted accounting principles. The Certified Public Accountant’s report shall also contain a separate statement identifying the amounts of audited revenue and expense that are attributable to the last nine months of the Contractor’s fiscal year (January - September 30). In addition, Contractor shall submit financial statements covering the last three months of the preceding calendar year (October 1 - December 30) and a compiled twelve (12) 6.2.B. - Page 222