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RFP No. 18-04-03 Disaster Debris Monitoring Services Financial Recovery Assistance
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Tidal Basin
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Last modified
5/10/2018 4:01:46 PM
Creation date
5/10/2018 3:56:22 PM
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CityClerk-Bids_RFP_RFQ
Project Name
Disaster Debris Monitoring Svcs Financial Recovery Assist
Bid No. (xx-xx-xx)
18-04-03
Project Type (Bid, RFP, RFQ)
RFP
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I <br /> 1 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--Continued <br /> ADJUSTERS INTERNATIONAL, INC. AND SUBSIDIARIES <br /> December 31, 2016 and 2015 <br /> I <br /> INOTE H--RELATED PARTY TRANSACTIONS/LEASES--Continued <br /> The following sets forth the results of the transactions among AI and its stockholders: <br /> ,2016 2015 <br /> Consolidated Balance Sheets �OC� <br /> Current Assets t� <br /> 6 <br /> I , Accrued fees receivable--affiliates �Q $ 180,948 $ 190,557 <br /> Accounts receivable (portion related to affiliate=firms $ 88,591 $ 83,904 <br /> L)v <br /> Current Liabilities (b7' <br /> I • Accrued fees payable--affiliates 6 $ 309,782 $ 374,297 <br /> Consolidated Statement of Operations <br /> I * � <br /> Revenues c0 <br /> I 9 <br /> Adjusting fees c0 $ 1,246,314 $ 774,595 <br /> I Participants' share--revenue offset of <br /> adjusting and consulting fees $ 485,536 $1,018,317 <br /> IOperating agreements, net of rebates $ 165,117 $ 81,294 <br /> The Partnership leases its real estate to AI and to one of AI's stockholders under non-cancelable <br /> 1 agreements through May 2021. Future minimum lease payments to be received under non- <br /> cancelable leases from AI's stockholder are approximately$265,000. <br /> 1d <br /> I <br /> 1 -20- , <br />
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