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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/04/1999
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<PAGE>   465
                         INDIANA CABLE ASSOCIATES, LTD.
 
                  NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
 
5.  MANAGEMENT AGREEMENT
 
     The Partnership has entered into a management agreement with Rifkin and
Associates, Inc., (Rifkin) whose sole stockholder is affiliated with a general
partner of the Partnership. The agreement provides that Rifkin shall manage the
Partnership and shall receive annual compensation equal to 2 1/2% of gross
revenues and an additional 2 1/2% if a defined cash flow level is met. Effective
September 1, 1998, Rifkin conveyed its CATV management business to R & A
Management, LLC (RML). The result of this transaction was the conveyance of the
Rifkin management agreement (Rifkin Agreement) to RML (RML Agreement). Expenses
incurred pursuant to the Rifkin Agreement and the RML Agreement are disclosed on
the Statement of Operations.
 
6.  LEASE COMMITMENTS
 
     At December 31, 1998, the Partnership had lease commitments under long-term
operating leases as follows:
 

<TABLE>
<S>                                                           <C>
1999........................................................  $27,408
2000........................................................    6,300
2001........................................................    2,700
2002........................................................    1,500
2003........................................................    1,500
Thereafter..................................................   10,500
                                                              -------
          Total.............................................  $49,908
                                                              =======
</TABLE>

 
     Rent expense, including pole rent, was as follows for the periods
indicated:
 

<TABLE>
<CAPTION>
                                                               TOTAL
                                                               RENTAL
PERIOD                                                        EXPENSE
------                                                        --------
<S>                                                           <C>
Year Ended December 31, 1996................................  $105,590
Year Ended December 31, 1997................................    98,693
Year Ended December 31, 1998................................   104,155
</TABLE>

 
7.  RETIREMENT BENEFITS
 
     The Partnership has a 401(k) plan for its employees that have been employed
by the Partnership for at least one year. Employees of the Partnership can
contribute up to 15% of their salary, on a before-tax basis, with a maximum 1998
contribution of $10,000 (as set by the Internal Revenue Service). The
Partnership matches participant contributions up to a maximum of 50% of the
first 3% of a participant's salary contributed. All participant contributions
and earnings are fully vested upon contribution and Partnership contributions
and earnings vest 20% per year of employment with the Partnership, becoming
fully vested after five years. The Partnership's matching contributions for the
years ended December 31, 1996, 1997 and 1998 were $4,723, $8,769 and $8,639,
respectively.
 
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