Page 448 - Hurst FY19 Approved Budget
P. 448
PUBLIC, EDUCATIONAL & GOVERNMENT ACCESS
CHANNEL (PEG) FEE FUND
The Public, Educational and Governmental Access Channel (PEG) Fee is paid to
municipalities by state-issued cable and video franchisees pursuant to Chapter 66,
Section 66.006 (b). Chapter 66, Section 66.006 (c) restricts the use of the PEG Fees to
expenditures “as allowed by federal law.” Essentially, the 1% PEG fee must be spent on
capital cost items for public educational and governmental access channel facilities.
In FY 18 available PEG Fund balance is expected to be allocated for eligible capital
expenditures to improve audio visual capabilities in our Council chambers.
CITY OF HURST
2018-2019 APPROVED BUDGET
CABLE AND VIDEO PROVIDER PEG FEE FUND
REVENUE AND EXPENDITURES
FUND BALANCE OCTOBER 1, 2018 $0
REVENUES
Service Provider PEG Fees $86,000
TOTAL REVENUES $86,000
TOTAL FUNDS AVAILABLE $86,000
EXPENDITURES
Professional Services $15,024
Other Machinery & Equipment 20,000
Capital Outlay 5,000
TOTAL EXPENDITURES & DESIGNATED RESERVES $40,024
FUND BALANCE AT SEPTEMBER 30, 2019 $45,976
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