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Attachment B <br />Communications Fund (2017 Activity) <br /> $250,000 <br />38% of Budget <br /> $200,000 <br />16% of Budget <br /> $150,000 <br /> $100,000 <br /> $50,000 <br /> $- <br />JanFebMarAprMayJunJulAugSepOctNovDec <br />'17 Rev'17 Exp'17 Cash Balance <br />Communications Fund (2018 Activity) <br /> $200,000 <br /> $150,000 <br /> $100,000 <br />4% of Budget <br /> $50,000 <br /> $- <br />JanFebMarAprMayJun <br /> $(50,000) <br /> $(100,000) <br />'18 Rev'18 Exp'18 Cash Balance <br />As shown here, the Communications Fund started 2017 with a cash reserve level of 41%, and fell to a <br />low of 16% in June before receiving its quarterly payment of franchise fees from local cable tv providers. <br />For 2018, it started with 38% and fell to a low of 4%. The negative revenue in May depicts an adjustment <br />made for an overpayment made by Comcast. The next quarterly payment was received in July and cash <br />balances improved. <br />In both 2017 and 2018, the cash reserve level dropped by at least 25% before recovering.This suggests <br />that the cash reserve target level may need to be adjusted moving forward, considering that the cash <br />reserve target level for this Fund is 10-25%. <br /> <br />