Franchise Fee Audits
Benefits participating municipalities by reviewing long-term franchise fee agreements to determine if changes to law, customer base or other factor might indicate increased revenue potential.
Over the course of long-term franchise fee contracts, small discrepancies can cost municipalities millions in uncollected revenue. The error isn’t always intentional but rather stems from their multi-year (sometimes multi-decade) span of coverage. City administrations may come and go, and while fees keep coming in, the community may have grown beyond the original terms and conditions, leaving potential revenues uncollected.
“Some things just fall between the cracks,” said LaMATS Executive Director Cliff Palmer of uncollected franchise fees that might be discovered through a financial audit service and reclaimed by renegotiating the original contract.
To inquire about this service, contact Cliff Palmer at firstname.lastname@example.org