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/8 Communications Fund Summary <br /> 79 The following table depicts the 2011 financial activity for the Communications Fund for the fiscal period <br /> 80 ending September 30, 2011 (unaudited). <br /> 81 <br /> 2011 2011 <br /> Budget Actual Actual Expect. Diff. <br /> Revenues <br /> Cable franchise fees $ 344,480 $ 195,464 56.7% 57.4% -0.6% <br /> Interest earnings 1,000 - 0.0% 0.0% 0.0% <br /> Miscellaneous - - n/a n/a n/a <br /> Total Revenues $ 345,480 $ 195,464 56.6% 57.2% -0.6% <br /> Expenditures <br /> Communications $ 345,480 $ 281,530 81.5% 73.7% 7.8% <br /> Other - - n/a n/a n/a <br /> 82 Total Expenditures $ 345,480 $ 281,530 81.5% 73.7% 7.8% <br /> 83 <br /> 84 Comments: <br /> 85 Communications Fund revenues were near expected levels. Expenditures were higher compared to the 3- <br /> 86 year average,due to higher than budgeted membership costs related to the North Suburban Communications <br /> 87 Commission. <br /> 88 <br /> 89 The Communications Fund is currently in excellent fmancial condition with a cash reserve of$360,000 or <br /> 90 104%of the annual operating budget. However,the uncertainty of future cable franchise fees,such as the <br /> 91 abolishment of local franchising authority,may warrant the development of a contingency plan in the event <br /> 92 this revenue stream ceases. <br /> 93 <br /> 94 <br /> Page 5 of 13 <br />