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Revenue Manual <br />MSTU Fund <br />Franchise Fee (Electric) <br />Fee -in -Lieu of Franchise Fee <br />Fund 004 <br />REVENUE <br />DESCRIPTION: <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 />RATE: <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 />FP&L 5.9%, City of Vero Beach Electric 6% of gross sales <br />SOURCE: <br />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 <br />COLLECTION: <br />Monthly <br />APPROXIMATE $6,702,000 <br />ANNUAL REVENUE: <br />$7,500,000 <br />$7,000,000 <br />$6,500,000 <br />$6,000,000 <br />$5,500,000 <br />$5,000,000 <br />$4,500,000 <br />$4,000,000 <br />Historical Revenues <br />$7,088,095 <br />$6,516,576 $6,421,975 $6,552,104 <br />$6,930,957 <br />:.:2009/10 :.,.2010/11 u 2011/12 2012/13 m 2013/14 <br />13 <br />