Smoothing Formula Sample Clauses

Smoothing Formula. Notwithstanding the above, if the Long Term Contribution formula, after accounting for reimbursement for Excess Initial Contributions, will increase any Member’s contribution requirement (including operating and capital expenses) by 5% or more in the first year such formula is employed, the Members agree: (a) The Long Term Contribution formula shall be implemented over a period not to exceed six years; the goal being to implement the formula in as short a period as possible, so that the impact of the formula on any single Member community will increase its contributions by no more than 4.9% annually. (b) This Smoothing Formula shall only apply to Member communities for which CCPSA was providing all dispatch services in the year before the formula is implemented. (c) For all eligible communities, the following steps shall apply. i. Step 1: Determine whether net funding plus reimbursement of Excess Initial Contributions for the upcoming fiscal year will cause any Member community’s budgeted contribution to increase by 5% or more.
Sample 1Sample 2
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Smoothing Formula. Notwithstanding the above, if the Long Term Contribution formula, after accounting for reimbursement for Excess Initial Contributions, will increase any Member’s contribution requirement (including operating and capital expenses) by 5% or more in the first year such formula is employed, the Members agree: (a) The Long Term Contribution formula shall be implemented over a period not to exceed six years; the goal being to implement the formula in as short a period as possible, so that the impact of the formula on any single Member community will increase its contributions by no more than 4.9% annually. (b) This Smoothing Formula shall only apply to Member communities for which CCPSA was providing all dispatch services in the year before the formula is implemented. (c) For all eligible communities, the following steps shall apply. (1) Step 1: Determine whether net funding plus reimbursement of Excess Initial Contributions for the upcoming fiscal year will cause any Member community’s budgeted contribution to increase by 5% or more. (2) Step 2: If any Member community would pay an increase of 5% or more in the first year of transition from Initial Contribution to Long Term Contribution, to the extent reasonably practicable and consistent with the limitations set forth above, the Long Term Contribution formula shall be adjusted as needed to modify the year-over-year increase in budgeted contribution to no more than 4.9%. However, this Step shall not be implemented if it causes additional Member communities to incur an increase of more than 4.9%. (3) Step 3: When the Smoothing Formula may be implemented, calculate each affected Members’ adjusted funding obligations by: (a) Converting the increase in contribution to a dollar amount; (b) Determining the percentage of calls in all Member communities, excluding other Member communities subject to smoothing, by totaling calls in such communities. (c) Multiply the figure derived from (a) above by (b) above to determine the financial contribution of each non-smoothing Member community to the formula. (d) Add smoothing funding to net funding to obtain adjusted funding
Sample 1

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