Examples of Rate application in a sentence
The schedule is expected to start with submission of the Base Year Rate Application on June 30th of the year proceeding each base year.
The franchised hauler should reconcile financial information contained in the Base Year Rate Application with the audited financial statements to provide assurance that all of the company’s activities are accounted for.
As part of its 2017 Base Year Rate Application, the County will allow each franchised hauler the option of submitting to the County a separate revenue “true up” request to account for differences between the franchise hauler’s actual calendar year 2014 revenues (prior to signing the current 2015 franchise agreement) and calendar year 2015 and 2016 revenues (occurring after signing the current 2015 franchise agreement).
The County requires that the franchise hauler submit a detailed Base Year Rate Application once every four (4) years.
The Base Year Rate Application requires three (3) years of data, including a year of actual data (based on audited information), a year of estimated data (based on year-to-date information available at the time the application is submitted), and the projection, or base year.
With the Base Year Rate Application, the franchise hauler submits financial statements for the previously completed fiscal year.
The scope and content of the Interim Year Rate Application is much more limited than a base year request.
With the Base Year Rate Application, the franchise hauler provides detailed financial and operating information which is carefully reviewed and analyzed by the County.
In each of the “interim” years (i.e., all years other than the specified “base” years), should the franchised hauler want to increase rates, the County requires that the franchise hauler submit an Interim Year Rate Application for an interim year rate change.
Payment related to Performance Incentives and Disincentives, other than those related to Contamination, are to be included in Contractor’s annual Rate Application and Contractor’s Compensation for the next Rate Year will be increased or decreased by the net amount of Performance Incentive payments and Disincentive assessments calculated.