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2024 North Metro Telecommunications Commission <br />Budget <br />Talking Points <br />Overall Ori!aniaational Goals <br />■ Welcome a new Executive Director, <br />■ Support legislation that will update the community television funding model to <br />better reflect current cntertainrrrent delivery treads. <br />■ Develop educational services for internet ser-vice/devices/software usage. <br />Apply for grants to fund broadband educational services. <br />■ Grow commercial productions. <br />■ Improve and expand closed captioning on certain platforms. <br />■ Continue to be responsive to cities communications needs. <br />Maintain accessibility of all channels through live streaming,, OTT channels, and <br />video on demand services, 24-hours-a-day, on any device. <br />■ Provide program playback, video transport, channel management services, video <br />equipment maintenance and consulting services, internet streaming services for <br />city channels, VOD libraries for meetings, meeting management software Ii.censes <br />and boolcmarking services, program production and event coverage services, <br />home -media transfer services, and public access to television production for our <br />cities, schools and general public. <br />Estimated Fund Balance/Revenues/Expenses <br />The beginning fund balances for 2024 are estimates based on previous allocations, <br />planned spending for 2023, and estimated income. <br />Estimated revenues include: Franchise fees, including the actual first quarter <br />franchise fee payment, with anticipated reductions across quarters two through <br />four. PEG fees based on estimated. number of subscribers. throughout 2024, <br />multiplied by the PEG fee, or by a percentage in a new franchise document. <br />Other income includes dub fees, hums movie transfers, drone, streaming and <br />production services. Interest income is estimated based can the first quarter <br />interest earnings of this year, <br />Estimated expenditures include the operating expenses and capital expenses <br />including the band payment, production and office equipment, and the fee <br />payment to the cities. <br />The year end fund balances include; <br />o The Operating reserve which is traditionally set at 25% of the operating <br />budget, also includes additional allocations for possible 2024 budgetary <br />support. <br />o Accrued vacation, sick and comp time. The total value of awed <br />vacation, sick, and comp time to employees. <br />