2023-07-26 CC Packet - Laserfiche WebLink

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* The capital equipment fund is intended for emergency replacement of unplanned equipment failures. o The vehicle replacement fund is to cover the cost of new fleet vehicle. o The building repair fund is to cover major costs related to the building such as windows, roof, furnace, parking lot, AC replacement. and painting, carpet replacement etc. o The franchise renewal fund is a reserve fund for the NMTC's franchise renewal process. Franchise renewal can be very expensive, with the informal negotiation process historically costing around $200,000 across the renewal period. Moving to a formal negotiation process is more expensive. These costs could include needs assessments, consulting, and legal fees. While there has been no recent action on franchise renewal, it could begin again at any time. The recommended operating budget for the organization totals $1,420,610. This number is a $27,692 increase over last year's operating budget. Increases were made to the personnel and administrative costs fine items. The Operating budget could be 80 less than last year, depending on the step level of the new Executive Director. ■ Budgeted capital purchases for 2024 are set at $570,984. Budgeted capital items include a server and router for master control, tripod and lens for the production truck,cameras, tripod& equipment contracts, closed captioning contracts, closed captioning charges and microphones, The capital budget also includes routine computer/software upgrades, and software licenses, the final HD Bond payment of $230,266 and $150,000 in capital equipment support fvr cities, • The overall 2024 capital budget is $57,451 lower than the 2023 capital budget. ■ The overall 2024 budget is $29,759 lower than the 2023 budget. If an Executive Director is hired at the minimum step the overall budget would be $58,521 lower than the 2023 bullet. ClosinE Pmints North Metro TV provides a variety of valuable services to our member cities in a very cost effective manner. These services include: ca Program playback and channel management. c Closed captioning. o Internetstreaming of city meetings. o Bookmarking city meetings, o I,ive strearing of city channels and community channels. o Provide city channels on Roku and AppleTV via NM'I`V app. o Video equipment repair, maintenance and consulting- e Drone services, <.) Video production services. o Meeting coverage and troubleshooting.