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• • <br /> ATTACHMENT K <br /> CONTRACTOR'S COMPENSATION AND RATE SETTING PROCESS <br /> Table 1 <br /> Adjustment to Proposed Costs for Annual Adjustment to Contractor's <br /> Cost Rate Year One (2011) Contractor's Compensation for Rate Years <br /> Compensation Two — Ten (2012 - 2020) <br /> • Same Inflation Index and method • No additional adjustment. <br /> as that described for Other Costs <br /> Implementation (Cost F). <br /> Costs <br /> • No adjustment based on changes <br /> in service levels will be made. <br /> Total Annual Cost • Calculated as the sum of the cost • Same method as prior year. <br /> of Operations components adjusted as described <br /> above. <br /> • Profit calculated using the • Same method as prior year <br /> operating ratio and the adjusted <br /> total annual cost of operations. <br /> The operating ratio is fixed for the <br /> length of the Agreement at ninety <br /> and one -half percent (90.5 %). <br /> Collection Services Franchise Agreement with Recology San Mateo County Attachment K <br /> City of Redwood City Contractor's Compensation and Rate Setting Process <br /> Page 16 of 26 <br />