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LEVELIZED BILLING <br />An alternative to budget billing, levelized billing, allows users a regulated monthly bill, by using <br />historical charges to adjust the current month, The levelized amount is calculated based on the <br />current bill, historical bills and the discrepancy between the amount charged and the amount <br />billed, eliminating surprises in the monthly charges. <br />Reduced variability — Levelized billing reduces the variance in a customer's bill from month to <br />month, <br />No end date — Levelized budgets are continuous, there is no need to perform a true -up or a <br />yearly rollover, <br />Separate collections process — Budget customers can be handled separately in regards to <br />collections. They can also be assessed based on whether or not they have stayed current with <br />the budget installments. <br />M <br />q <br />q <br />W 'W" 11 V",", I <br />"1 <br />11. 'A, t 91611 f r4 <br />nw.n <br />1A I <br />:Al <br />tkW., <br />2, ;Al <br />4110It.; <br />im r—, <br />lot: <br />Levelized budget options — User definable/short factors. <br />Levellized amount formula: <br />SUM(Hist.B ills)+ Curr.Bill +Over Short Antt + Over Short A "it <br /># Previous monthshilled+1 Over Short Factor <br />Allowed variance: <br />1.10 X Sum Hist Bills <br /># Hist Bill <br />Cogsdale allows users to calculate bills based on formulas with an unlimited number of <br />parameters. Users are assured of infinite flexibility in rate calculation and that any future billing <br />requirements can be accommodated without coding changes, All billing parameters are pre - <br />calculated and stored prior to billing runs, resulting in exceptionally fast billing production. <br />Recurring Billing - allows for an unlimlited number of services and charges with an unlimited <br />number of rate components attached to them. <br />117 1 P <br />avol�lpi <br />