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REV: 11-28-2022 RL <br />EXHIBIT “A” <br />SCOPE OF SERVICES AND FEE <br />I. Services <br />Consultant shall conduct a study to provide an estimate of outstanding liabilities, <br />projection of loss costs, cash flow and investment income in the liability <br />program. Consultant’s report will: <br />Calculate program-funding levels for the 2022‐23 through 2025‐26 program <br />years at the expected level, as well as at various confidence levels. <br />Determine appropriate rates for claims incurred during the 2022‐23 through <br /> 2025‐26 program years at the expected level, as well as at various confidence <br />levels. <br />Estimate required funding for the program’s outstanding losses and loss ad <br />justment expenses for all preceding fiscal years as of each June 30 from 2023 <br />through 2026. The outstanding losses and loss adjustment expenses are to be <br />stated at the expected level, as well as at various confidence levels. <br />Provide each of the estimates specified above on both discounted and full value <br />bases. <br />Analysis will be performed using data valued as of September 30, 2022. <br />Provide a statement of compliance with Governmental Accounting Standards <br />Board pronouncements (GASB) 10 and 30. <br />Estimate the program’s cash flow requirements for a given number of fisca <br />l years, separately identified for each accident year. <br />Consultant’s target delivery date for the draft reports will be within four weeks of receipt <br />of complete data. <br />II. Fee Schedule <br />Consultant shall complete the work outlined above for a flat rate of $5,900. Upon delivery <br />of a draft report, Consultant shall be entitled to the entire fee. <br />ATTY/AGR.2022.412/Bickmore Actuarial (Page 11 of 11)