[Federal Register: September 9, 1999 (Volume 64, Number 174)]
[Notices]               
[Page 49014-49015]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09se99-55]                         

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FEDERAL COMMUNICATIONS COMMISSION

[DA 99-805]

 
Annual Adjustment of Revenue Threshold

AGENCY: Federal Communications Commission.

ACTION: Notice.

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SUMMARY: This notice announces that the 1998 revenue threshold used for 
classifying carriers for accounting purposes remains at $112 million. 
Section 402(c) of the 1996 Act mandates that the Commission adjust the 
revenue requirements of certain rules on an annual basis to account for 
inflation.

DATES: Carriers exceeding the 1998 revenue threshold must file their 
initial cost allocation manual by December 8, 1999.

ADDRESSES: Federal Communications Commission, 445 `` 12th Street, SW, 
Room, TW-A325, Washington, D.C. 20554.

FOR FURTHER INFORMATION CONTACT: Debbie Weber, Accounting Systems 
Branch, Accounting Safeguards Division, Common Carrier Bureau at (202) 
418-0812.

SUPPLEMENTARY INFORMATION:
    This gives notice that the revenue threshold used for classifying 
carriers for accounting purposes remains at $112 million. Section 
402(c) of the 1996 Act mandates that we ``adjust the revenue 
requirements'' of Secs. 32.11, 64.903, and part 43 of our rules ``to 
account for inflation as of the release date of the Commission's Report 
and Order in CC Docket No. 91-141, and annually thereafter.'' Prior to 
passage of the 1996 Act, our rules established a $100 million threshold 
to classify carriers for accounting purposes in Sec. 32.11, for filing 
cost allocation manuals in Sec. 64.903, and for filing certain reports 
with the Commission in part 43.
    The Commission uses the Gross Domestic Product Chain-type Price 
Index (GDP-CPI) to adjust the revenue threshold for inflation each 
year. We

[[Page 49015]]

adjust revenue thresholds for inflation based on the annual average 
value of the GDP-CPI for the revenue year relative to the value of the 
GDP-CPI on October 19, 1992, rounded to the nearest $1 million.
    The indexed revenue threshold for 1998 is calculated as follows:

[A] GDP-CPI (October 19, 1992) 100.69
[B] GDP-CPI (Annual) (1998) 112.71
[C] Ratio: GDP-CPI (Annual) (1998) GDP-CPI (October 19, 1992) 1.1194
[D] Original Revenue Threshold $100 million
[E] Indexed Revenue Threshold ([C] x [D]) $112 million

    Accordingly, the indexed revenue threshold for 1998 is $112 
million.
    Source: National Data Tables, Survey of Current Business, Apr. 
1999, tbl. 7.1.
Federal Communications Commission.
Kenneth P. Moran,
Chief, Accounting Safeguards Division.
[FR Doc. 99-23402 Filed 9-8-99; 8:45 am]
BILLING CODE 6712-01-P