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City of Laporte Annual Franchise Payment Calculation
<br />Effective July 1, 2015
<br />Line No. Description Amount Franchise Ordinance
<br />1 Annual Franchise Fee:
<br />2 Base Amount $ 1,265,908.39 Per Section 11
<br />3 $
<br />4 Annual Franchise Fee (fine 2 + line 3) $ 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 2014
<br />417,219,489
<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 />1.03
<br />9 Adjusted Annual Franchise Fee (line 8 x line 4)
<br />$ 1,301,936.32
<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 />$ 1,301,936.32
<br />Per Section 11
<br />11 Less: Municipal Account Franchise Credits applicable to City in the
<br />calendar year 2014
<br />31,312.00
<br />Per Section 11
<br />12 Total Annual Franchise Fee Payment (fine 10 - line 11)
<br />$ 1,270,624.32
<br />13 Monthly Payment (line 12 112 months)
<br />$ 105,885.36
<br />Due 1st day of each month beg. July 1st
<br />Based on 2014
<br />Monthly Payments:
<br />Monthly Payment
<br />Franchise Credits
<br />July 1
<br />$ 105,885.36
<br />$ 2,609.33
<br />$ 108,494.69
<br />August 1
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />September 1
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />October 1
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />November 1
<br />105,885.36
<br />2,609.33
<br />108,494,69
<br />December 1
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />January 1
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />February 1
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />March 1
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />April
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />May 1
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />June 1
<br />105,885.36
<br />2,609.33
<br />108,494.69
<br />Total
<br />$ 1,270,624.32
<br />$ 31,312.00
<br />$ 1,301,936.32
<br />
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