Laserfiche WebLink
Communications Fund Summary <br />The following table depicts the 2009 financial activity for the Communications Fund for the fiscal period <br />ending Se�tember 30, 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 2009 <br />Bud�et Actual <br />$ 322,500 $ 189,274 <br />1,000 - <br />$ 323,500 $ 189,274 <br />$ 323,500 <br />$ 323,500 <br />$ 242,920 <br />$ 242,920 <br />% % <br />Actual Expect. Diff. <br />58.7% 60.1% -1.4% <br />0.0% 0.0% 0.0% <br />n/a n/a n/a <br />58.5% 59.4% -0.9% <br />75.1% <br />n/a <br />75.1% <br />82.9% -7.9% <br />n/a n/a <br />82.9% -7.9% <br />Comments: <br />Communications Fund revenues are near expected levels. Expenditures were lower than expected but <br />comparable to the previous year. <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 may warrant the <br />development of a contingency plan in the event this revenue stream ceases. <br />Page 6 of 14 <br />