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5. What are the current assessment rates for the remainder, telephone relay, and the four USF assessments?
Assessment rates for the remainder assessment and the intrastate telephone relay assessment billings are established in the fall of each year. The rates used for the fall of 2007 billings are as follows. With respect to the remainder assessment, the actual fiscal year (FY) 07 factor is .0984098228 percent. In addition, the advance FY 08 factor (approximately 10 percent higher than the actual FY 07 factor) is .1084726341 percent. In the first year that a company is subject to the assessment, it is required to pay both the actual and advance assessment amounts. (In effect, in the first year a company's cash outlay for this assessment in 2007 would be estimated by multiplying the 2006 assessable revenues by .2068824569 percent, the sum of the actual FY 07 factor and the advance FY 08 factor.) In the fall of 2008, the advance FY 08 assessment amount will be trued up based on actual 2007 revenues subject to the assessment and the actual FY 08 factor. The rates for the fall of 2007 billings for the telephone relay assessment are: actual FY 07 factor of .0713943366 percent; and advance FY 08 factor of .1047648962 percent. (In the first year that a company is subject to the assessment, a company's cash outlay for 2007 would be estimated similar to the remainder assessment noted above by multiplying the 2006 assessable revenues by .1761592328 percent.) The advance FY 08 amount will likewise be trued up in the fall of 2008. Within the USF assessment category are four types of assessments:
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