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What are PierPASS’s administrative expenses?

April 26, 2017administrative expenses pierpass

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What are PierPASS’s administrative expenses?

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• Expenses of administering the program totaled $11.3 million, $9.5 million, $9.8 million and $5.2 million for the 2008, 2007, 2006 and 2005 fiscal years, respectively. • For all periods, expenses consisted of administration costs, bank and professional fees, and the OffPeak program’s computer systems and software. The OffPeak program’s computer systems and software are used to collect TMF payments and manage the notification of TMF payment status to the terminal operators.

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• Expenses of administering the program totaled $8.4 million, $7.1, $11.3 million, $9.5 million, $9.8 million and $5.2 million for the 2010, 2009, 2008, 2007, 2006 and 2005 fiscal years, respectively. • For all periods, expenses consisted of administration costs, bank and professional fees, and the OffPeak program’s computer systems and software. The OffPeak program’s computer systems and software are used to collect TMF payments and manage the notification of TMF payment status to the terminal operators.