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12 "7 Communications Fund Summary <br />128 The following table depicts the 2008 financial activity for the Communications Fund for the fiscal period <br />1 <br />129 ending June 30, 2008 (unaudited). <br />130 <br />131 <br />132 Comments.- <br />133 Communications Fund revenues and expenditures were lower than expected levels. Notable exceptions <br />134 include.- <br />135 <br />136 1), Communications expenditures were lower than expected, but comparable to 2005 levels. <br />137 Revenues were lower due to timing differences on when collected franchise fees were deposited. <br />138 <br />139 The Communications Fund is currently in good financial condition with a cash reserve of $,100,000 or 34% <br />140 of the annual operating budget. However,, the uncertainty of future cable fTanchise fees may warrant the <br />141 development of a contingency plan in the event this revenue stream ceases. <br />142 <br />Page 6 of 15 <br />2008 <br />2008 <br />% <br />% <br />Bu. <br />Actual <br />Actual <br />Expec.1t. <br />Diff. <br />Revenues <br />Cable franchise fees <br />319.1550 <br />87.1316 <br />27.3% <br />29.4% <br />-2.1% <br />Interest earnings. <br />1.1000 <br />0.0% <br />0.0% <br />0.0% <br />Miscellaneous <br />-1 <br />n/a <br />n/a <br />n/a <br />Total Revenues <br />320.1550 <br />87.1316 <br />27.2% <br />29. 1 % <br />-1.8% <br />Expenditures <br />Conununications <br />320.1550 <br />178.1924 <br />55.8% <br />63.6% <br />-7.7% <br />Other <br />-1 <br />-1 <br />n/a <br />n/a <br />n/a <br />Total Expenditures <br />320.1550 <br />178.1924 <br />55.8% <br />63.6% <br />-7.7% <br />131 <br />132 Comments.- <br />133 Communications Fund revenues and expenditures were lower than expected levels. Notable exceptions <br />134 include.- <br />135 <br />136 1), Communications expenditures were lower than expected, but comparable to 2005 levels. <br />137 Revenues were lower due to timing differences on when collected franchise fees were deposited. <br />138 <br />139 The Communications Fund is currently in good financial condition with a cash reserve of $,100,000 or 34% <br />140 of the annual operating budget. However,, the uncertainty of future cable fTanchise fees may warrant the <br />141 development of a contingency plan in the event this revenue stream ceases. <br />142 <br />Page 6 of 15 <br />