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. Agenda Item No. 6 Meeting Date: August 15, 2018, Resolution: Contra COST A WATER DISTRICTAGENDA DOCKET FORM SUBJECT: AUTHORIZE AMENDMENT TO ASSISTANCE AGREEMENT FOR ROCK SLOUGH FISH SCREEN IMPROVEMENT
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Contra cost a refers to a cost that is offset or deducted from a related revenue.
Any individual or business entity that has contra costs in their financial records is required to report them.
Contra costs should be accurately identified and recorded in the financial statements or reports.
The purpose of contra costs is to accurately reflect the net revenue or profit by subtracting relevant offsetting costs.
Contra costs should include details of the specific expenses or deductions that are being offset against revenue.
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