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fr';J' (DI(C), Communications Fund Summary 89 The following table depicts the 2008 financial activity for the Communications Fund for the fiscal period ending Septemer -30, 2008 unaudited). 9111 92 93 Comments.- 94 Communications Fund revenues and expenditures were lower than expected levels but comparable to prior 95 years. 96 97 The Communications Fund is currently in good financial condition with a cash reserve of $,100,000 or 34% 9, of the annual operating budget. However,, the uncertainty of future cable franchise fees, such as the 99 abolishment of local franchising authority,, may warrant the development of a contingency plan in the event 1 this revenue stream ceases. 1' 1 Page 6 of 14 2008 2008 % % uB Actual Actual Expect. Diff. Revenues Cable franchise fees 319.1550 179.1344 56.1% 60.4% -4.3% Interest earnings 1.1000 0.0% 0.0% 0.0% Miscellaneous -1 n/a n/a n/a Total Revenues 320.1550 179.1344 55.9% 59.4% -3.5% Expenditures Communications 320.1550 232.1239 72.5% 84.5% - 12.1 % Other -1 -1 n/a n/a n/a Total Expenditures 320.1550 232.1239 72.5% 84.5% - 12. 1 % 92 93 Comments.- 94 Communications Fund revenues and expenditures were lower than expected levels but comparable to prior 95 years. 96 97 The Communications Fund is currently in good financial condition with a cash reserve of $,100,000 or 34% 9, of the annual operating budget. However,, the uncertainty of future cable franchise fees, such as the 99 abolishment of local franchising authority,, may warrant the development of a contingency plan in the event 1 this revenue stream ceases. 1' 1 Page 6 of 14