2018-06-27 CC Packet - Laserfiche WebLink

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* The trticl:( replacement ffind was used to purchase studica sets in 2017. The Raids were not needed for a new production truck, as the truck was replaced as part of the HD upgrade with bond funds. A small arnoinit is in this reserve in the event the fleet vehicle requires replacing. * The building repair ftind is to cover ma or costs related to the building such as windows, roof, furnace,parking lot, AC replacernent and painting, carpet replacement etc. * The bond reserve is currently CIOSCCI out, as the building was paid off in 2015. * The franchise renewal ftind is as reserve fund for the NN4TC's franchise renewal process. Franchise renewal can be very expensive, with the inibrinal negotiation process costing around $200,000 across a till-cc year period. Moving to as formal negotiation process is niore expensive. These costs inchide needs assessments, Consulting, and legal fees. If is anticipated that up to $100,000 of these funds could be utilized in 2019. 9M419—et * The recommended operating budget ,for the organization totals $1,305,57'8. This number- represents a $13,525 increase over last years operating budget. While there were some reductions in anticipated administrative expenditures, building maintenance and utilities fine-interns were increased, along with personnel costs, * Budgeted capital purchases 1"or 2019 are set at $450,615. A little over half ofthis ,amount is dedicated to, the 1-11) bond payment of$2:30,475, Budgeted capital items for 2019 include Makito X I ID video transport systems for two Cities,, Tightrope streaming servers aaracp related equiprnent For six Cities, a wireless rnicrophone system for Studio A, field cameras, and the anntial maintenance/support contracts for City and N MTV Tight rope, Ross, Haivision and Carousel equipment. The total arnOUnt budgeted 'I"or video cqLdpment replacement/support is $187,640. The capital budget also includes rfAltine C0ITIl)Utel'/SOftWal`C Upgrades, software licenses and money for parking lot repairs and re strip * Franchise fees paid to the cities are budgeted at $400,000. This is the same as last year. Closing P'oints We have created a thriving and dynarnic service for our cities, schools, producers, and viewers. 'Through program playback and channel management, internet streaming of city inectings including an agenda bookmarking tool, video equipment consulting, drone set-vices, and video production services, oar cities are seeing real benefits from their investment of franchise fees and PEG fees. Our cable subscribers are benefiting ftorn this investment with cdUCatiOlIal opi-mrtuni ties, tape and Min transfer ser vices, and varied, infortrtative and interesting progratriming regarding their commit 11 i ties. 30