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SOUTH BEND MUNICIPAL SEWAGE WORKS <br />South Bend, Indiana <br />Detail of Adjustments <br />(5) <br />To adjust "Operation and Maintenance Expenses" for increases in PERF <br />to the Budget for 2013. <br />Pro Forma PERF <br />Less: Test Year <br />Adjustment - Increase <br />$ 473,742 <br />(353,790) <br />(6) <br />To adjust "Depreciation Expense" for utility plant in service as of December 31 „2012. <br />Utility Plant in Service <br />Add: Construction Work in Progress <br />Less: Land and Land Rights <br />Depreciable Utility Plant in Service <br />Times: Depreciation Rate <br />Pro Forma Depreciation Expense <br />Less: Test Year <br />Adjustment - Increase <br />(7) <br />To adjust "Taxes Other Than Income Taxes” for FICA tax expense. <br />Pro Forma Salaries and Wages <br />Times: FICA Rate <br />Pro Forma FICA Expense <br />Less: Test Year <br />Adjustment - Increase <br />$ 197,674,821 <br />6,189,837 <br />(364,208) <br />203,500,450 <br />2.5% <br />5,087,511 <br />(4,945,992) <br />$ 4,995,042 <br />7.65% <br />382,121 <br />(313,342) <br />(8) <br />To adjust "Taxes Other Than Income Taxes" for the budgeted 2013 Payment in Lieu <br />of Taxes (PILOT) payment. <br />Budgeted 2013 PILOT Payment $ 2,775,554 <br />Less: Test Year (2,405,289) <br />Adjustment - Increase <br />-18- <br />SCHEDULE C -1 <br />(Continued) <br />$ 119,952 <br />$ 141,519 <br />$ 68,779 <br />$ 370,265 <br />