R-12-02-09-10D2 - 2/9/2012 RESOLUTION NO. R-12-02-09-10D2
WHEREAS, the City Council has previously adopted a 2011-2012 Public, Education,
and Govermnent Access Channels Fund Budget, and
WHEREAS, the City Council wishes to amend said budget in accordance with the
attached proposal,Now Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the 2011-2012 Public, Education, and Government Access Channels Fund Budget is
amended as set forth in Exhibit"A" attached hereto and incorporated herein.
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.
RESOLVED this 9th day of February, 2012.
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ALAN MCGRAW, Mayor
City of Round Rock, Texas
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City of Round Rock, Texas
PEG Fund Budget Revision #1
Fiscal Year 2011-2012
2011-2012 2011-2012
Original Revised Revision#1
PEG FUND Budget Budget#1 Variance
Revenues $ 251,500 $ 251,500 $ 0
Expenditures (150,000) (450,000) (300,000)
Total Change in Fund Balance $ 101,500 $ (198,500) $__J3 00,000)
PEG Fund -Effect of the revision on fund balance:
Fund Balance 10/01/11 $ 862,066
Less Reserves(*1) (86,207)
Estimated Revenue(FY 2011-2012) 251,500
Interfund Transfers 0
Total Funds Available 1,027,359
Budgeted Expenditures (450,000)
Estimated Unreserved Fund Balance 9/30/12 $ 577,359
" 1 Reserve requirements established in accordance with operating reserve policies.
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City of Round Rock
PEG Fund#620
2011-2012 Revised Budget I
Estimated Fund Balance 10/1/11 $ 861,997 $ 862,066
Less: Departmental Reserves (86,200) (86,207)
775,797 775,859
REVENUES
Interest Income 1,500 1,500
PEG Fees 250,000 250,000
Total Revenues 251,500 251,500
Total Funds Available 1,027,297 1,027,359
EXPENDITURES:
AudioNisual Equipment 145,000 445,000
Computer Software 5,000 5,000
Total Expenditures 150,000 450,000
Estimated Unreserved Fund Balance 9/30/12 $ 877,297 $ 577,359
Note: FY 12 is the first year for this fund
City of Round Rock
PEG Fund Budget Revision#1 Detail for Fiscal 2011-2012
PEG Fund Expenses Explanation Amount
Capital Repair Items
AudioNisual Equipment Ford AN $ 125,000
Audio/Visual Equipment Lighting $ 75,000
Audio/Visual Equipment Cameras $ 25,000
Audio/Visual Equipment Video Editing System $ 75,000
Total Revision Amount-PEG Fund Expenditures $ 300,000
PEG Fund Revenues
$ 0
Total Revision Amount-PEG Fund Revenues $ 0
J*RMWN DROCK,TEIFAS r: ity Council Agenda Summary SheetPMOR PROSPER(f1C
Agenda Item No. 10D2.
Consider a resolution amending the 2011-2012 Public, Education, and Government Access
Agenda Caption: Channels Fund Budget.
Meeting Date: February 9, 2012
Department: Finance
Staff Person making presentation: Cheryl Delaney
Finance Director
Item Summary:
The original FY2012 Public Educational Access Fund Budget was approved by Council in October 2011. This special
revenue fund accounts for cable franchise fees which are used for public, educational, and government(PEG)access
purposes consistent with state and federal law. Any entity or person seeking to provide cable services or video
service is required to file for a state-issued franchise authority. Franchises operating within the City are required to
pay 1%of gross revenues for PEG purposes.
The 2011-12 Public Educational Access Fund budget provides revenues associated with the collected franchise fees
and $150,000 in capital expenditures.
Among the capital purchases to be funded are audio and video equipment for the City Hall remodel. This budget
amendment addresses the additional funding needed for this equipment.
Cost: 300,000.00
Source of Funds: PEG Fund
Date of Public Hearing(if required): N/A
Recommended Action: Approval