STEP ADJUSTMENTS AND REPORTING REQUIREMENTS Clause Samples

STEP ADJUSTMENTS AND REPORTING REQUIREMENTS. 5.1 For purposes of calculating the Step Adjustments, the following definitions shall apply: 5.1.1 Accumulated Depreciation is the cumulative net credit balance arising from the provision for depreciation expense, cost of removal, salvage, and retirements.
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STEP ADJUSTMENTS AND REPORTING REQUIREMENTS. 6.1 The rate changes specified under this Settlement Agreement reflect four distinct Step Adjustments and associated distribution revenue changes as shown in the table below. 75% of Non-REP Net Plant 2,019,355 (1) 1,160,469 1,556,224 1,121,428 REP Capital Spending (2) - 309,400 309,400 309,400 REP Expense (2) - 300,000 - - VMP Spending 1,250,000 950,000 - - 2011 Pension / PBOP Cost Recovery (3) 320,088 - - - Move Ice Storm Recovery to Surcharge (500,000) - - - Remove Cash Working Capital (Contract Release Payments) (4) (161,446) - - - Move Cash Working Capital (Other FT Operating Expenses) to EDC (5) (315,861) - - - Move Non-Distribution Portion of PUC Assessment to EDC (283,907) - - - Subtotal 2,328,228 2,719,869 1,865,624 1,430,828 Recoupment 1,210,494 (1,210,494) - - Rate Case Expense ▇▇▇ ▇▇▇ - - Total Step Adjustment 3,538,722 1,509,376 1,865,624 1,430,828 (1) Net plant step adjustment includes all change in net plant (75% factor not applied). (2) From UES's response to OCA 3-2 Attachment 1, Schedule MHC-12. (3) Reflects increase in 2011 (compared to 2010 pro forma) net Pension and PBOP expense with 5.35% discount rate. (4) Calculated by removing $9,280,377 contract release payments multiplied by 45/365 days multiplied by 8.39% rate of return multiplied by tax factor of 1.6814. (5) Calculated by removing $18,156,559 of other flow-through operating expenses multiplied by 45/365 days multiplied by 8.39% rate of return multiplied by tax factor of 1.6814. The three forecasted Step Adjustments in 2012, 2013 and 2014 are based on Unitil’s forecasted increases to Non-REP Net Plant in Service of $6,430,668, $9,016,336 and $5,929,492 for the years 2011, 2012 and 2013, respectively, as described in Paragraph 6.3, below. Non-REP Net Plant in Service amounts used to calculate these Step Adjustments shall be provided in sufficient detail to allow for meaningful review. The Settling Parties will work cooperatively to develop a mutually agreeable reporting format. 6.2 By the last day of February of the years 2012, 2013 and 2014, Unitil will file financial documentation showing the actual changes to Net Plant in Service for the immediately preceding calendar year, as well as the Net Plant in Service as of December 31 for each year. The information filed by Unitil will be subject to review by the Staff and the OCA. Changes to Net Plant in Service reported annually by Unitil will exclude capital additions made under the REP. In its annual filings, Unitil will explain an...
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Related to STEP ADJUSTMENTS AND REPORTING REQUIREMENTS

  • Accounting Requirements CONTRACTOR shall comply with all applicable COUNTY, State, and Federal accounting laws, rules and regulations. CONTRACTOR shall establish and maintain accounting systems and financial records that accurately account for and reflect all Federal funds received, including all matching funds from the State, COUNTY and any other local or private organizations. CONTRACTOR’S records shall reflect the expenditure and accounting of said funds in accordance with all applicable State laws and procedures for expending and accounting for all funds and receivables, as well as meet the financial management standards in 45 CFR Part 92 and in the Office of Management and Budget 2 CFR Part 200 “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.”

  • Additional Reporting Requirements Contractor agrees to submit written quarterly reports to H-GAC detailing all transactions during the previous three (3) month period. Reports must include, but are not limited, to the following information: a. Customer Name b. Product/Service purchased, including Product Code if applicable c. Customer Purchase Order Number

  • Subsidy Requests and Reporting Requirements 1. The Grantee or Management Company shall complete a CRF Subsidy Request Report - Recap of Tenant Income Certification, which provides a unit-by-unit listing of all units in the Development for whom assistance is being requested and gives detailed information including the occupants’ eligibility, set-aside requirements, amount of household rent paid, utility allowance and amount of CRF Rental Subsidy requested. 2. The CRF Subsidy Request Report - Recap of Tenant Income Certification shall be prepared as of the last day of each calendar month during the period of performance and shall be submitted to ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and Florida Housing’s monitoring agent no later than the 15th day of the following month. The December 2020 request will be due on or before December 15th. The Grantee will submit executed Coronavirus Relief Fund Rental Assistance Applications and supporting documentation to Florida Housing’s monitoring agent within 5 days upon the monitoring agent’s request.

  • Reporting Requirements The Company, during the period when the Prospectus is required to be delivered under the 1933 Act or the 1934 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required by the 1934 Act and the 1934 Act Regulations.

  • Reporting Requirements of the Commission The Trustee and the Master Servicer shall reasonably cooperate with the Depositor and its counsel to enter into such amendments or modifications to this Agreement as may be necessary to comply with the Rules and any interpretations thereof by the staff of the Commission, subject to the provisions of Section 11.03 hereof.