Laserfiche WebLink
a <br />a <br />Attachment A- FY15 NAI OH Audit Repoil <br />Nortlt American Infriastructure <br />A itusiness unu Ilr.lacuhe 1sngineering Group Inc. <br />Nofes to Statements of Fringe Benerit Expense <br />.incl General & Administrative Expense 3 <br />for the Fiseal Year Encle(i October 2., MISS <br />4. Excess Campensation lcoutinued) <br />Company= s compensation was reasonable with the exception of the alorementioned disallowunces. Ille <br />rerllaining halttnce of 53,060 reflects ntller unallowable activities and was disallowed in accordance wil11 <br />FAR 31.'05-27. In addition. nil excess L'ompensalian disallowance of S 1.744.010 Is reflected as a pati orllle <br />Iola] ColiTorate Allocalion S487.000 benchmark disallowance in accordance with FAR 31.205-G. <br />5. Fringe Benefits <br />The Parent Company calculuses it Company -hide fringe benefit rate Ilial is applied to its US business [roils <br />and wholly-owned subsidiaries. Fringe benelil costs include an adjustment of the indirect fringe benefit <br />expense recorded in the gen cr al ledger al the standard fringe rate or34.2qu to the FY 3015 actual ti•ingc rale <br />or-M.110a.. <br />6. Restricted Stock and Pension Flan <br />The Parent company nminlains a restricted stock plan as hart of compensation in accordance with FAR <br />31.205-6. The Company's share of the reslricled slack pla» included in the G&A Pool is S 1.043.425. In <br />addition. the Company provides. i'or ceilain employees lions a previously -acquired company. a defined <br />benefit pension plan 1119[ meets the requirements of FAR 31.205-6(j). The Company's share of tile pension <br />plan included in the GACA fool is 53.312.089. <br />7. Travel S Business Meals <br />Based on a review of travel and Minted costs. 1443.641) was disallowed in accordance with FAR 31 20-46, <br />S. Emplayee Training & Does <br />The ad;ustmenl orS498.001 represents dues 111.11 are unallovwahlc in acyordance with FAIR 31205-14. <br />9. Recruiting and Relocation Expenses <br />T -Ile I-elMilliVil adjaslnlent 0I'Si349.889 represents employee relocation expenses [hat are considered <br />uruillowable in accordance vwitli FAR 31.20-35. <br />Ili. Vehicle Expenses <br />Based on a review of vehicle expenses. $115.2211 was disallowed in accordance wilh 31.2115-46 and 3f 201- <br />-1d1. <br />THIS DDCUMENT CONTAINS CONFIDENTIAL AND PROPRIETARY INFORMATION THAT HAS COMMERCIAL ANDIDR FINANCIAL VALUE-. <br />SUCH INFORMA13ON HAS NOT BEEN PUBLICLY DISCLOSED AND 15 EXEMPT FROM DISCLOSURE UNDER THE FREEDOM OF <br />INFORMATION ACT AND ALL OTHER S10LAR LEGISLATION. JACOB5 ENGINEERING GROUP INC. REQUESTS WRITTEN NOTICE BEFORE <br />ANY PUBLIC DISCLOSURE IS MADE. <br />10 of 15 <br />