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REVENUE <br />DESCRIPTION <br />Revenue Manual <br />MSTU Fund <br />Franchise Fee (Electric) <br />Fee -in -Lieu of Franchise Fee <br />Fund 004 <br />Revenues generated from franchise rights granted to Florida Power and Light (FP&L) <br />and City of Vero Beach Electric to utilize county roads, streets, rights of way and other <br />public places to supply electricity and other electric related services. <br />LEGAL AUTHORIZATION Home Rule Authority <br />FOR COLLECTION: County Code: 211.02 and 312.20 <br />FP&L franchise agreement effective October 2007 for 30 years <br />City of Vero Beach Electric agreement effective March 1987 for 30 years <br />RATE: FP&L 5.9%, City of Vero Beach Electric 6% of gross sales <br />SOURCE: FP&L and City of Vero Beach Electric customers of Indian River County <br />within the Unincorporated Area. <br />AUTHORIZED USE: All MSTU Fund expenditures. <br />METHOD OF PAYMENT: Paid by FP&L and City of Vero Beach Utility customers through their monthly bill. <br />FP&L & City of Vero Beach Electric remit funds to the County. <br />FREQUENCY OF Monthly <br />COLLECTION: <br />APPROXIMATE $6,702,000 <br />ANNUAL REVENUE: <br />Historical Revenues <br />6C A, l n— $6,552,104 <br />$6,930,957 <br />2009/10 22010/11 IN 2011/12 im 2012/13 ■ 2013/14 <br />13 <br />1.77' 19 <br />