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0 <br />0 <br />Participant shall engage its then - current independent certified public accounting firm to audit the <br />accounting of costs. As soon as the llrm has completed the audit, the Managing Participant shall <br />submit the audited accounting to the Participants. The Managing Participant and Participants <br />agree to "true -up" the previous payments made for services during the fiscal year such that each <br />Participant who has underpaid will make utnely payment of all O&M Expenses owed in the next <br />monthly billing following the audit, and the Managing Participant agrees to give credit to each <br />Participant who has overpaid O &M Expense for the fiscal year, such credit to be given in the <br />monthly billing following the audit. <br />4.2.4 The Managing Participant agrees to provide the independent auditor all expense, <br />meter readings and cost data required for the audit, including any documents or records available <br />to Participants under this Agreement. <br />4.2.5 The audit must include an itemization for each Participant of all costs and meter <br />recordings used to compute the O &M Expenses. <br />4.3 O &M &12ensa Calculations <br />For the purposes of this Agreement the yearly O &M Expense for each Participant, except <br />the City of Pasadena and the LaPorte Area 'Water Authority, is computed according to the <br />following formula. below. (Pasadena's O &M Expense is the same as below replace <br />Exhibit "E" with Exhibit "E Pasadena" and eliminate factor "G" in the formlula; LaPorte'$ <br />r <br />O &iVi Expense is the same as below except replace Exhibit "E" with Exhibit "E LaPorte Area <br />Water Authority" and eliminate factor "0" in the formula.) <br />tf1WPFiLPMONTRACMW <br />LO. Re Nu, W991 -01 <br />Ravined <br />28 <br />