HomeMy WebLinkAbout99-297 CITY OF LAKEVILLE
RESOLUTION
Date December 20, 1999 Resolution 99-297
Motion By Luick Seconded By Mulvihill
RESOLUTION AMENDING THE 1999
CABLE TV FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Cable TV Fund Budget is hereby approved and amended for the fiscal year ending December 31, 1999.
1999 1999
ADOPTED AMENDED
BUDGET ADJUST BUDGET NOTES
Revenues
Franchise Fee $ 178,669 $ 31,384 $ 210,053 (1)
Miscellaneous 100 100
Interest on Investments 9,124 9,124
EG Access Fee 52,200 (52,200) - (2)
Sale of assets 4,525 (4,525) - (3)
Total Revenues 244,618 (25,341) 219,277
Expenditures
Personnel Services 114,868 3,201 118,069 (4)
• Commodities 3,350 3,350
Other Charges and Services 21,017 4,539 25,556 (5)(6)(7)
Gapital Outlay -Equipment 73,239 23,010 96,249 (8)
.Capital Outlay -Fiber Optic installation 23,592 101,408 125,000 (9)
Total Expenditures 236,066 132,158 368,224
Transfer
Transfer to General Fund 4,256 - 4,256
Net Increase/(Decrease) 4,296 (157,499) (153,203)
Fund Balance, January 1 198,588 129,888 328,476 (10)
Fund Balance, December 31 $ 202,884 $ (27,611) $ 175,273
Reserved for Building Expansion
Beginning Balance, January 1 30,000 30,000 30,000
Current Year - - -
Ending Balance, December 31 30,000 30,000 30,000
APPROVED AND AMENDED by the City Council of the City of Lakeville, Minnesota,
this 20th day of December, 1999.
CITY KEVILLE
B
Du ne Zaun, May
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Charlene Friedge ;City CI k
CITY OF LAKEVILLE
1999 CABLE TV FUND BUDGET AMENDMENT NOTES
• ADJUSTMENT
REVENUES
(1) Increase Franchise Fee revenue to more accurately reflect projected estimate.
Franchise Fee 31,384
(2) Cancel the EG (education and government) Access Fee since the City
Council chose not to enact the cable subscriber fee for 1999.
EG Access Fee (52,200)
(3) Reduce the Sale of Assets revenue due to a lack of interest from potential
buyers.
Sale of Assets (4,525)
Total Revenue reduction (25,341)
EXPENDITURES
(4) Increase Personnel expenditures related to employee step increases and Cost of
Living Adjustments (COLA).
Personnel Services 3,201
(5) Increase Other Charges and Services for professional services related to the City's
participation in the Minnesota Association of Community Telecommunications
Administrators (MALTA)
. Other Charges and Services 2,500
(6) Increase Other Charges and Services for professional services related unexpected
repair of the Council Chambers video console.
Other Charges and Services 1,592
(7) Increase Other Charges and Services for a Cable T.V. rate increase related to
the City Council and Cable Coordinator receiving Cable service.
Other Charges and Services 447
(8) Increase Capital Outlay Equipment for the following items:
Cable studio loft, furniture, and lighting 13,216
Editing system/camcorder/external disk array and chassis (excess of budget) 9,794
23,010
(9) Increase Capital Outlay Fiber Optic installation. The original budget anticipated
financing the fiber optic intallation over a ten year period at $23,592 per year.
The Cable Board agreed to pay the full cost up front of $125,000.
Fiber Optic installation/construction ($125,000 less budget of $23,592) 101,408
Total Expenditure increase 132,158
FUND BALANCE
(10) Increase the budgeted January 1, 1999 Fund Balance to reflect the actual
December 31, 1998 Fund Balance carryforward.
Actual Fund Balance January 1, 1999 328,476
Budgeted Fund Balance January 1, 1999 198,588
Increase Fund Balance January 1, 1999 129,888