2003-08-13 CC Packet - Laserfiche WebLink

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, " The Media Center proposed budget is $738, 700. This budget is composed of operating expenditures totaling $558,700 and capital expenditures of $180,000. In addition to the budget, the Operations Committee has also proposed an increase in the subscriber's monthly PEG fee from $2.45/month to $2.511month. The Memorandum of Understanding between the Member Cities and Comcast allows for an annual cost of living increase in the PEG fee. 'ne six cent increase represents a 2.4% CPI average. The increased funding is necessary for the Media Center to meet facility and equipment goals. The Telecomnnmications Commission is recommending ,. this increase in the PEG fee. Recommendation: That Member Cities approve the 2004 Media Center budget and increase in the PEG fee to $2.51/month as presented by the Telecommunications Commission and Operations Committee. The Joint Powers Agreement states, "submitted budgets shall be deemed approved by a Member City unless, prior to October 15 preceding the effective date of the proposed budget, the Member City gives notice in writing to the Commission that it is withdrawing from the Commission." I want to thank the Commission directors, stat:t: and the Operations Committee for their efforts in preparing these budgets. If you have any questions about either budget please consult with your Commission director or City Administrator. This past year has been busy for the Commission with laying the groundwork for the construction of a new Media Center facility. I look forward to working with all parties, throughout the remainder of 2003, toward completion of the Media Center and to increase both the quality and quantity of conmnmity programming in 2004. Sincerely, ~~~ Harley Wells Chair, NMTC Enc. .,0.' _, ~ ,'== '-~ .4