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City of Laporte Annual Franchise Payment Calculation
<br />Effective July 1, 2016
<br />Line No Description
<br />Amount
<br />Franchise Ordinance
<br />1 Annual Franchise Fee:
<br />2 Base Amount
<br />$ 1,265,908.39
<br />Per Section 11
<br />3
<br />$
<br />4 Annual Franchise Fee (line 2 + line 3)
<br />$ 1,265,908.39
<br />5 Annual Adjustment Factor:
<br />Per Section 11
<br />6
<br />kWh delivered within corporate limits of City in the calendar year 2015
<br />440,414,499
<br />Includes street lights
<br />7 kWh delivered within corporate limits of City in base year 2005
<br />405,673,951
<br />Base Year fixed (includes street lights)
<br />8 Annual Adjustment Factor (line 6 / line 7)
<br />1.09
<br />9 Adjusted Annual Franchise Fee (line 8 x line 4)
<br />$ 1,374,316.51
<br />Determination of Annual Franchise Fee Payment:
<br />10 Is line 9 higher than line 4? If yes, insert amount from line 9. If no,
<br />insert amount from line 4.
<br />$ 1,374,316.51
<br />Per Section 11
<br />11 Less: Municipal Account Franchise Credits applicable to City in the
<br />calendar year 2015
<br />35,329.45
<br />Per Section 11
<br />12 Total Annual Franchise Fee Payment (line 10 - line 11)
<br />$ 1,338,987.06
<br />13 Monthly Payment (line 12 / 12 months)
<br />$ 111,582.26
<br />Due 1 st day of each month beg. July 1 st
<br />Based on 2015
<br />Monthly Payments:
<br />Monthly Payment
<br />Franchise Credits
<br />July 1
<br />$ 111,582.26
<br />$ 2,944.12
<br />$ 114,526.38
<br />August
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />September 1
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />October
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />November
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />December 1
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />January 1
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />February 1
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />March 1
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />April
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />May 1
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />June 1
<br />111,582.26
<br />2,944.12
<br />114,526.38
<br />Total
<br />$ 1,338,987.06
<br />$ 35,329.45
<br />$ 1,374,316.51
<br />
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