Laserfiche WebLink
TC <br />CO hi XII$$$ION <br />June 22, 2023 <br />TO: NMTC OPERATIONS COMMITTEE <br />RE: APPROVAL OF 2024 NORTH METRO TELECO14'1IMUNICATIOMIVS <br />COMMISSION BUDGET <br />Enclosed, please find for the council's review and approval the 2024 North Metro <br />Telecorrinrrtinications Commission Budget and support materials. <br />The Commission's operating budget for 2024 is proposed at $1,420,610. This number represents <br />a $27,692 increase over expected expenditures for 2 02 3. The increase includes a 3% COLA <br />increase for staff, step increases, benefits increase, building maintenance casts, an accounting <br />service, and insurance costs. <br />Budgeted capital costs for 2023 are $570,884, This number represents a $57,451 decrease from <br />the 2023 budget. Capital expenditures include video equipment for North Metro TV, office <br />equipment, a SWII-ity SyStem Update, $230,266 for the final HD Bond paymcm, and $150,000 to <br />be returned to cities for capital expenditures <br />In total, the 2024 hudget is $29,759 lower than the 2023 budget <br />Recommendation- That the Member Cities approve the 2024 Commission Budget as <br />recommended by the `felecornmunications Commission .and the <br />Operations Committee. <br />The Joint Powers Agreement stateS, "submitted budgets shall be dcerned approved <br />by a Member City unless, prior to October 15 preceding the effective date of the <br />proposed budget, the Member City gives notice in writing to the Commission that it is <br />withdrawing from the Commission," <br />want to thank the Commission directors, staff, and the Operations Committee for their efforts in <br />preparing these budgets. If you have any questions about either budget please consult with your <br />Commission director or City AdininiArator.. <br />12520PolkSrf-e iNortheasf gluine AID+! 51434 Phone: 012 780-8241 F -r: 612 780-8242 <br />81vine it Cenfoi0br • t. hvic Pines 0 Hwu fake 0 Lelinglan 0 Una Lakes 0 Spring Lake Park <br />