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Contract Form Approved August 1979 EXHIBIT A FISCAL POLICY Agreement for Technical Services Between Lower Colorado River Authority and -Citv~of San Marcos The Enabling Act of LCRA, the Trust Indenture, and the policies set forth by LCRA's Board of Directors, as well as the applicable State and Federal ìaws, shall govern the Fiscal Policy as stated, inferred, implied, or unspecified herein. Each Technical Service performed shall have a Billing Work Authorization assigned defining the service, the applicable elements of the charges, i.e., labor, material, equipment, transportation, and other..., the estimated amount of each charge and the total estimated amount with the stipulation that is an estimated charge only and the actual amount due will be actual charges plus overhead, as may be appropriate and justified. Cost shall include an expendable tool and material charge equivalent to five (5%) percent of labor. The Billing Work Authorization shall also identify the Terms if Payment required for the service: prepayment, progress payment, lease, retainer schedule or final payment. Such Billing Work Authorization shall be at the written request of the customer, and approved by LCRA before the service is rendered. Definition of Terms 1. Charge - All charges for Technical Services shall be accounted for on an actual cost basis plus an appropriate charge of fifteen (15%) percent for general and administrative overhead. 2. Prepayment - Advance payment shall be based on estimated cost. A prepayment may be required for any major service or project, at LCRA's option, which involves use of substantial amounts of working capita 1. The amount of such required prepayments shall be agreed upon between the parties hereto and so stipulated on the approved Billing Work Authorization.