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R-13-09-26-H1 - 9/26/2013RESOLUTION NO. R -13-09-26-H1 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 2013-2014; 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 2013-2014, 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. RESOLVED this 26th day of September, 2013. ATTEST: SARA L. WHITE, City Clerk 0112.1304; 00282544 ALAN MCGRAW, Mayor City of Round Rock, Texas City of Round Rock Public Educational Access Fund #620 2013-2014 Proposed Budget 1 EXHIBIT „ A„ J DESCRIPTION OF ITEM 12-13 12-13 Approved Revised Budget Budget 12-13 Estimated Actual 13-14 Proposed Budget Estimated Fund Balance 10/1/13 Less: Departmental Reserves REVENUES: Interest Income PEG Fees Total Revenues Total Funds Available EXPENDITURES: AudioNisual Equipment Computer Equipment Computer Software Total Expenditures $819,961 $872,484 (81,996) (87,248) 737,965 785,236 1,000 1,000 250,000 250,000 251,000 251,000 988,965 1,036,236 0 225,000 25,000 325,000 0 25,000 250,000 350,000 $872,484 $759,384 (87,248) (75,938) 785,236 683,446 900 1,000 236,000 240,000 236,900 241,000 1,022,136 924,446 325,000 0 25,000 430,000 0 20,000 350,000 450,000 Estimated Unreserved Fund Balance 9/30/14 $738,965 $686,236 $672,136 $474,446 ROUND ROCK, TEXAS nwrog wsion exosrewn City of Round Rock Agenda Item Summary Agenda Number: H.1 Title: Consider a resolution approving the FY 2013-2014 Public, Education, and Government Access Channels Fund Budget. Type: Resolution Governing Body: City Council Agenda Date: 9/26/2013 Dept Director: Cheryl Delaney, Finance Director Cost: $0.00 Indexes: Attachments: Resolution, Exhibit A Text of Legislative File 13-738 Item Summary: 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 proposed 2013-14 Public Educational Access Fund budgets revenues associated with the collected franchise fees and $450,000 in capital expenditures. Among the capital purchases to be funded are: infrastructure improvements for video distribution; video production system; video production hardware; editing equipment storage, and video production software. Cost: N/A Source of Funds: N/A Staff recommends approval. City of Round Rock Page 1 Printed on 9/23/2013