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Communications Fund Summary <br />81 <br />The following table depicts the 2012 financial activity for the Communications Fund for the fiscal period <br />82 <br />ending June 30, 2012 (unaudited). <br />83 <br />84 <br />20122012%% <br />BudgetActualActualExpect.Diff. <br />Revenues <br />Cable franchise fees365,735$ 99,692$ 27.3%28.0%-0.8% <br />Interest earnings1,000 - 0.0%0.0%0.0% <br />Miscellaneous- - n/an/an/a <br />Total Revenues$ 99,692366,735$ 27.2%28.0%-0.8% <br />Expenditures <br />Communications366,735$ 155,832$ 42.5%61.1%-18.6% <br />Other- - n/an/an/a <br />Total Expenditures$ 155,832366,735$ 42.5%61.1%-18.6% <br />85 <br />86 <br />Comments: <br />87 <br />Communications Fund revenues were near expected levels. Expenditures were lower compared to the 3- <br />88 <br />year average, due to the payment of only 5 months of membership costs related to the North Suburban <br />89 <br />Communications Commission instead of the normal 6. <br />90 <br />91 <br />The Communications Fund is currently in excellent financial condition with a cash reserve of $428,000 or <br />92 <br />128% of the annual operating budget. However, the uncertainty of future cable franchise fees related to the <br />93 <br />upcoming franchise renewal may warrant the development of a contingency plan in the event this revenue <br />94 <br />stream ceases. <br />95 <br />96 <br />97 <br />Page 5 of 13 <br /> <br />