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Calvin, Giordano Associates, Inc.
<br />Statement of Direct Labor, Fringe Benefits, and General Overhead
<br />For the Year Ended December 31, 2017
<br />Total Allowable Allowable
<br />Allocable Unallowable Allowable Home Field
<br />Cost Element Expenses Expenses Expenses Office Office Ref.
<br />Employee Welfare $343,114 $301,437 $41,677 $36,121 $5,556 10
<br />Insurance - Group $627,478 $47,893 $579,585 $502,326 $77,259 11
<br />Insurance - Workers Comp. $168,783 $0 $168,783 $146,284 $22,499
<br />Payroll Taxes $1,349,133 $0 $1,349,133 $1,169,294 $179,839
<br />Payroll Bonuses $2,827,734 $1,896,244 $931,490 $807,322 $124,168 12
<br />Payroll - Vacation, Sick & Holiday $1,666,685 $0 $1,666,685 $1,444,516 $222,169
<br />Pension Expense/401K $176,700 $0 $176,700 $153,146 $23,554
<br />Total Fringe Benefits $7,159,627 $2,245,574 $4,914,053 $4,259,009 $655,044
<br />Audit Results:
<br />Direct Labor
<br />Home Offices $10,181,050 86.67%
<br />Field Offices $1,565,808 13.33%
<br />$11,746,858 100.00%
<br />,
<br />Fringe Benefits Rate
<br />Allowable Home Fringe Benefits $4,259,009 =41.83%
<br />Total Direct Labor $10,181,050
<br />Allowable Field Fringe Benefits $655,044 =41.83%
<br />Total Direct Labor $1,565,808
<br />
<br />General Overhead Rate
<br />
<br />Allowable Home Office Expenses $8,231,560 80.85%
<br />Home Office Direct Labor $10,181,050
<br />Allowable Field Office Expenses $729,879 46.61%
<br />Field Office Direct Labor $1,565,808
<br />F. C. C. M.
<br />Facilities Capital Cost of Money Factor $20,019 0.17%
<br />Total Direct Labor $11,746,858
<br />EXHIBIT A
<br />11 Page 2 of 3
<br />Notes to the schedule are an integral part of this financial statement 78
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