Laserfiche WebLink
Communications Fund Summary <br />The following table depicts the 2009 financial activity for the Communications Fund for the fiscal period <br />ending March 31, 2009 (unaudited). <br />Revenues <br />Cable franchise fees <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Communications <br />Other <br />Total Expenditures <br />2009 <br />Bud�et <br />$ 322,500 $ <br />1,000 <br />$ 323,500 $ <br />2009 <br />Actual <br />% % <br />Actual Expect. Diff. <br />0.0% 0.0% 0.0% <br />0.0% 0.0% 0.0% <br />n/a n/a n/a <br />0.0% 0.1% -0.1% <br />$ 323,500 $ 137,113 42.4% 45.9% -3.5% <br />- - n/a n/a n/a <br />$ 323,500 $ 137,113 42.4% 45.9% -3.5% <br />Comments: <br />Communications Fund revenues and expenditures were near expected levels but comparable to prior years. <br />Typically, the City does not receive its first share of cable franchise fees until the 2"d Quarter. <br />The Communications Fund is currently in good financial condition with a cash reserve of $184,000 or 64% <br />of the annual operating budget. However, the uncertainty of future cable franchise fees, such as the <br />abolishment of local franchising authority, may warrant the development of a contingency plan in the event <br />this revenue stream ceases. <br />Page 6 of 14 <br />