Agmt10 Recology San Mateo County

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• • ATTACHMENT K CONTRACTOR'S COMPENSATION AND RATE SETTING PROCESS twelve (12) month statement covering the preceding calendar year. These statements shall be accompanied by a report of the independent Certified Public Accountant stating that it has conducted a review of the statements in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants and that contains the elements described in AICPA Professional Standards, section AR 100. C. Preparation of Management Representation Letter The Application shall include a management representation letter signed by the President of Contractor, which states that: • Management accepts responsibility for the accuracy and completeness of the Application; • The Application is based on the Contractor's Compensation adjustment procedures described in Article 11, this Attachment K - including Tables 1 and 2, and on the forms approved by the SBWMA; and, • All significant information and supporting documents relevant to the Contractor's Compensation adjustment process are available for review by SBWMA. D. Calculation of Contractor's Compensation and Proiection of Gross Revenue Billed for the Next Rate Year The Application shall include a calculation of the next year's Contractor's Compensation (i) in total, (ii) by Agency including overage(s) or shortfall(s) from the prior year identified in the Revenue Reconciliation process described in Section 11.03 of the Agreement and Section 8 of this Attachment, (iii) by Service Sector, and (iv) by Line of Business. Contractor shall also project the following year's Gross Revenue Billed (i) in total, (ii) by Agency, (iii) by Service Sector, and (iv) by Line of Business based on rates currently in effect. Contractor shall provide an explanation of, and supporting documentation for, the Gross Revenue Billed projection. E. Supporting Documentation Contractor shall make available to SBWMA and Agency, upon request, supporting documentation and summary reports for all calculations, assumptions, and data used in the calculation of the Contractor's Compensation for the following Rate Year and in the annual revenue reconciliation of Gross Revenue Billed to approved Contractor Compensation. Supporting documents and reports requested may include: • General Ledger • Revenue and Accounts Receivable Ledgers • Collective Bargaining Agreements • Solid Waste Transfer Tickets • Weight tickets for all C &D Materials, Recyclable Materials, Inert Materials, and Organic Materials • Customer billing information and service levels • Copies of Bureau of Labor Statistics Index Data • Other information requested by SBWMA Collection Services Franchise Agreement with Recology San Mateo County Attachment K City of Redwood City Contractor's Compensation and Rate Setting Process Page 20 of 26