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Communications Fund Summary <br />The following table depicts the 2012 financial activity for the Communications Fund for the fiscal period <br />ending September 30, 2012 (unaudited). <br />Revenues <br />Cable franchise fees <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Communications <br />Other <br />$ <br />$ <br />2012 2012 % % <br />Bud�et Actual Actual Expect• Diff. <br />365,735 $ 203,547 55.7% 57.6% -1.9% <br />1,000 - 0.0% 0.0% 0.0% <br />- - n/a n/a n/a <br />366,735 $ 203,547 55.5% 57.4% -1.9% <br />$ 366,735 $ 270,178 73.7% 76.7% -3.1% <br />- - n/a n/a n/a <br />Total Expenditures $ 366,735 $ 270,178 73.7% 76.7% -3.1% <br />Comments: <br />Communications Fund revenues and expenditures are near expected levels. <br />The Communications Fund is currently in excellent financial condition with a cash reserve of $428,000 or <br />128% of the annual operating budget. However, the uncertainty of future cable franchise fees related to the <br />- upcoming franchise renewal may warrant the development of a contingency plan in the event this revenue <br />stream ceases. <br />96 <br />Page 5 of 13 <br />