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R-2014-1809 - 9/25/2014 RESOLUTION NO. R-2014-1809 WHEREAS, the Chapter 66, Texas Utilities Code provides for the manner in which the City collects and spends Public, Education, and Government Access Channels Fees paid by cable and video service providers; and WHEREAS, the Round Rock City Council established the Public, Education, and Government Access Channels Fund ("PEG Fund") in §44-400 of the Code of Ordinances;and WHEREAS, the Finance Department has submitted a proposed budget for the PEG Fund for fiscal year 2014-2015; and WHEREAS, the City Council wishes to approve said proposed budget,Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the budget for the PEG Fund submitted by the Finance Department for fiscal year 2014-2015, attached hereto as Exhibit"A", is hereby approved. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. 0 RESOLVED this 25th day of September, 2014. tY) 4-- -------- ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: c444A/1 • virrir SARA L. WHITE, City Clerk 0112.1404;00311274 EXHIBIT City of Round Rock "An Public Educational Access Fund#620 2014-2015 Proposed Budget 12-13 13-14 13-14 14-15 Approved Estimated Proposed DESCRIPTION OF ITEM Actual Budget Actual Budget Estimated Fund Balance 10/1/14 $872,483 $826,282 $826,282 $666,337 Less: Departmental Reserves (87,248) (82,628) (82,628) (66,634) 785,235 743,654 743,654 599,703 REVENUES: Interest Income 600 1,000 55 50 PEG Fees 237,244 240,000 240,000 _ 240,000 Total Revenues 237,844 241,000 240,055 240,050 Total Funds Available 1,023,079 984,654 983,709 839,753 EXPENDITURES: Audio/Visual Equipment 271,676 430,000 380,000 50,000 Computer Equipment 12,369 0 0 50,000 Computer Software 0 20,000 20,000 150,000 Total Expenditures 284,045 450,000 400,000 250,000 Estimated Unreserved Fund Balance 9/3 $739,034 $534,654 $583,709 $589,753 Capital Outlay FY 14-15 Public Educational Access Fund Capital Outlay Base Addt'I #of Account# Description Justification&Benefits Cost Costs items Total 620120006127 Video Distribution Networking Upgrade $ 100,000 62012000 6115 Video production hardware 50,000 62012000 6116 Computer hardware 50,000 62012000 6127 Video production software _ 50,000 Sub-Total 250,000 Total Capital Outlay 14-15 $ 250,000