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Attachment D <br />Communications Fund Summary <br />The following table depicts the 2020 financial activity for the Communications Fund for the fiscal <br />period ending September 30, 2020 (unaudited). <br />20202020%% <br />Revenues <br />BudgetActualActualExpect.Diff. <br />Cable Franchise Fees391,000$ 189,283$ 48.4%45.2%3.2% <br />Other- - <br />Interest earnings1,000 299 29.9%223.7%-193.8% <br />Total Revenue392,000$ 189,582$ 48.4%46.6%1.8% <br />Expenditures <br />Communications458,310 315,695 68.9%65.9%3.0% <br />Total Expenditures458,310$ 315,695$ 68.9%65.9%3.0% <br /> <br />Comments: <br />Communications Fund revenues and expenditures are near expected levels. <br /> <br />The Communications Fund is currently in fair financial condition with $160,000 in available cash <br />reserves for operational needs or 34% of the annual operating budget. The franchise fees are <br />estimated to come in under budget by $14,800 and expenditures are estimated to come in under <br />budget by $6,000. The net estimated impact is a reduction of cash reserves of $8,800 by year end, <br />which would be a 34% reserve level. The CityÓs Cash Reserve Policy establishes a target reserve <br />level of 10-30% for this Fund excluding any long-term capital replacement needs. <br /> <br />Page 6 of 13 <br /> <br />