The Annual Billings Review of license application work performed by USE was completed by the Commission's outside accounting firm KPMG Peat Marwick LLP. The agreed upon procedures for the auditor's billing review covers fiscal year 1995-1996 and was completed in early September, 1996.
The billings review is performed pursuant to a contract between the Commission and the Major Generators from the five states of the Compact. The review is performed solely to assist the Commission and Major Generators in evaluating USE's compliance with its contract with the Commission. All billings from US Ecology to the Commission, including BNI, to USE, were subject to inspection during the review.
The review included direct labor charges, the fringe benefit adder rate, payments to vendors, supporting documentation for payments to subcontractors, travel charges, and other general expense charges. In some instances, minor mathematical discrepancies were found in the computations used by USE or BNI to arrive at their billing amounts. By mutual agreement, all billing errors were corrected and appropriate action was taken to properly reconcile all accounts. The review for fiscal year 1996-1997 should be completed in September 1997.