2010-07-28 CC Packet - Laserfiche WebLink

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o The truck replacement fund is to replace the production truck. The current truck is nine years old. It may need to be replaced in four to five years. The cost of replacement is 175,000- 185,000. o The building repair fund is to cover major costs related to the building such as windows, roof, furnace, AC replacement and painting, carpet replacement etc. o The bond reserve is an amount required by our bond resolution, intended to be the final payment of the bond. Budeet The recommended operating budget for the organization totals $1,031,726. This number represents a $3,648 increase over last year's operating budget. The increase is due to a step increase for one staff member, and a required increase in dio PERA contribution. The budget includes a 0% cost of living increase, no increase in benefits, and no increase to any other part of the operating budget. Budgeted equipment purchases in 2010 are minimal. The bulk of the equipment budget is for a necessary upgrade to master control. Two four channel server /double encoder units, a 300 disc DVD player, and the equipment necessary to monitor and control the audio and video levels from the new equipment are needed for the processing and playback of programs on all twelve community channels. Our DVD duplicator is experiencing problems and should be replaced. Because of high demand from the public, recommended equipment purchases also include two camcorder packages and microphones. The capital budget also includes routine computer /software upgrades, a server upgrade, and the building bond payment. The capital equipment budget totals $285,958. Franchise fees paid to the cities are budgeted at $338, 316. This is $2,931 more than the franchise fees paid to cities in 2010. Closins Points We have created a thriving and dynamic service for our cities, schools, producers, and viewers. Through program playback and channel management, internet streaming of city meetings, computer and network consulting, video equipment consulting, and video production services, our cities are seeing real benefits from their investment of franchise fees and PEG fees. Our cable subscribers are benefiting from this investment with educational opportunities, and varied, informative and interesting programming regarding their communities. We will do the best we can, with what we have, to continue to provide these valuable services through difficult financial times. No PEG fee increase is recommended for 2011. PEG fee increases are tied to the previous year's consumer price index average. That number was negative. P. 2 33