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ATTACHMENT K <br />CONTRACTOR’S COMPENSATION AND RATE SETTING PROCESS <br />REV: 03-16-18 MI <br />ATTY/AGR/2018.054/RECOLOGY OF SAN MATEO ATTACHMENT K <br />Page 20 of 24 <br />• Customer billing information and service levels <br />• Copies of Bureau of Labor Statistics Index Data <br />• Other information requested by SBWMA <br />7. SBWMA REVIEW OF APPLICATION <br />Agency delegates to SBWMA the authority to conduct the review of the Application. SBWMA <br />will review the Application and supporting documentation to determine that it has been prepared <br />in a manner consistent with the Agreement, including this Attachment. SBWMA may request <br />and Contractor shall provide any missing information necessary to complete the Application. <br />Agency may participate in meetings with SBWMA and Contractor to discuss the Application. <br />A. Preliminary Review <br />SBWMA shall determine if the Application is complete and ready for analysis. <br />1. Completeness and Mathematical Accuracy of Application. SBWMA shall determine if: <br />a. All required forms and financial statements are included; <br />b. All forms are completed correctly and data and indexes tie to correct source; and <br />c. All calculations are mathematically correct. <br />If the Application is incomplete or contains arithmetic errors, SBWMA will notify <br />Contractor and Contractor will promptly provide missing information and corrected <br />calculations. <br />2. Verification of Supporting Documents and Schedules. Various documents are to be <br />included in the Application to support the requested adjustment in Contractor’s <br />Compensation. Any supporting information SBWMA finds to have been omitted shall <br />be promptly be provided by Contractor. <br />3. Contractor Notification. SBWMA will notify Contractor when it has determined that the <br />Application is complete. <br />B. Review of Application <br />The Contractor’s Compensation review process is intended to allow SBWMA to determine <br />whether the Application is consistent with the Agreement and accurately calculates <br />Contractor’s Compensation for the coming Rate Year. SBWMA shall take the following <br />steps during its review of the Application. <br />1. Review of Contractor’s Compensation Calculations. SBWMA shall review Contractor's <br />Compensation adjustment calculations to verify that the calculations are performed in <br />accordance with Article 11 and relevant attachments including this Attachment. SBWMA <br />shall notify Contractor of any apparent errors or discrepancies in the calculation of <br />Contractor’s Compensation which it identifies. <br />2. Review of Revenue Projection for Following Year. SBWMA shall review Contractor’s <br />projection of Gross Revenue Billed. Any unusual trends will be identified and <br />explanations obtained from the Contractor. <br />3. Determine Prior Year Revenue Surplus/Shortfall. SBWMA will review the Contractor’s <br />Revenue Reconciliation calculations submitted in March in light of audited financial <br />statements. <br />6.2.B. - Page 224