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6.C. - Page 54 of 57 <br />MEMORANDUM <br />Page 4 of 4 <br />+ State reporting expensed for 2020 paid in 2021 <br />• Property tax depending on when the invoice is due vs. the period levied. <br />• Insurance premium liabilities for active policies with renewal dates after January 1, 2021 <br />Compensated (accrued leave) of all employees as of the termination date. <br />Comment <br />With the exception of the insurance liability for active claims, all of these approved operating costs <br />should have been covered by the per ton tip fee set for the current year at Shoreway_ The SBWMA <br />represented it has fully accrued for compensated absences and no unrecorded liability exists. <br />With regards to possible insurance claims related to the period prior to the Town's anticipated <br />withdrawal from the JPA, HF&H recommends requesting an estimate from the SBWMA's insurance <br />provider of potential increases or reserve funding due to claims initiating from incidents occurring prior <br />to December 31St of 2020. <br />SBWMA BOD PACKET 08/20/2020 <br />AGENDA ITEM: 5A ATTACHMENT 5 - p4 <br />85 <br />