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<br />o The building repair fund is to cover major costs related to the building <br />such as windows, roof, furnace, AC replacement and painting, carpet <br />replacement etc. <br />o The bond reserve is an amount required by our bond resolution, intended <br />to be the final payment of the bond. <br /> <br />Budl!:et <br /> <br />. The recommended operating budget for the organization totals $1,028,078. This <br />number is a 1.3% decrease over last year's operating budget. The decrease is due <br />to a 0% COLA increase for staff, reduced legal fees, and no need to perform a <br />revenue audit of Comcast. <br />. Budgeted equipment purchases in 2010 are minimal. They include two <br />camcorders, microphones, and an encoder for city meetings. The capital budget <br />also includes routine computer/software upgrades, a replacement heating/cooling <br />unit for Studio A, bodyllogo work on the truck, and the building bond payment. <br />The capital equipment budget totals $267,958. This number is 32% lower than <br />last year's capital budget. <br />. Franchise fees paid to the cities are budgeted at $335, 385. This represents a 59% <br />increase over the franchise fees paid to cities in 2009. The increase is due <br />primarily to 0% salary increases for staff, minimal capital expenditures, and other <br />budget reduction measures taken to reflect difficult financial times. <br /> <br />Closinl!: Points <br /> <br />. We have created a thriving and dynamic service for our cities, schools, producers, <br />and viewers. Through program playback and channel management, internet <br />streaming of city meetings, computer and network consulting, video equipment <br />consulting, and video production services, our cities are seeing real benefits from <br />their investment of franchise fees and PEG fees. Our cable subscribers are <br />benefiting from this investment with educational opportunities, and varied, <br />informative and interesting programming regarding their communities. <br />. We wi\1 do the best we can, with what we have, to continue to provide these <br />valuable services through difficult financial times. <br />. It is recommended that the PEG fee be increased by the allowable CPl. The <br />average CPI for 2008 was 3.8% resulting in an eleven-cent increase from 2.90 to <br />3.01, effective January I, 2010. <br /> <br />2 <br />P.2 <br /> <br />3'7 <br />